Lilly Reaches Settlement on Cialis Patent

Posted: Updated:
Lilly plans to present trial results at scientific meetings and publications this year and in 2016. Lilly plans to present trial results at scientific meetings and publications this year and in 2016.
INDIANAPOLIS -

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says it has reached a settlement agreement with generic drug companies regarding the unit dose patent for Cialis. Under the terms of the agreement, Lilly's patent, which had been set to expire in April 2020, will now expire at the earliest in September 2018.

The settlement was reached in an effort to resolve litigation in the U.S. District Court for the Eastern District for Virginia. 

"The unit dose patent for Cialis is valid and infringed by companies seeking to market a generic version of Cialis. This is a royalty-bearing license agreement that provides us with more certainty regarding our U.S. exclusivity," said Michael Harrington, senior vice president and general counsel for Lilly. "Protection of intellectual property and the assurance of market exclusivity are extremely important to Lilly as we work to support the development of the next generation of innovative medicines."

Additionally, Lilly says its patent for Adcirca, which is used to treat pulmonary arterial hypertension, is expected to expire on November 21 of this year or May 21, 2018, if the U.S. Food and Drug Administration grants the company's application for pediatric exclusivity. 

  • Perspectives

    • ?Kerr has also previously held executive roles with Groupon, Angie’s List and GHX.

      Why Tech in The Midwest Attracts Capital

      Indianapolis is no longer simply a racing and manufacturing hub. The tech scene in Indy, and across the Midwest, has exploded over the past decade, with no sign of stopping. Last year alone, Indiana's tech industry contributed $14.1 billion to the economy. What's driving the growth and making Indianapolis stand out among coastal cities for venture capital investment, talent and more?

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Old National Bringing on KleinBank

      Evansville-based Old National Bancorp (Nasdaq: ONB) has agreed to acquire a Minnesota bank. The all-stock transaction for Klein Financial Inc. is currently valued at nearly $434 million. The deal, which has received the approval from the Old National and Klein boards of directors, is expected to close in the fourth quarter. Old National says the acquisition will boost its asset total to approximately $20 billion. KleinBank's total assets come in at $2 billion. It has...

    • Chavers Exiting IndyHub

      The longtime executive director of IndyHub is leaving the organization. Molly Chavers, the founding leader of the civic engagement organization for young professionals, says she plans to take time for family before determining what's next. IndyHub was launched in 2005 by the city of Indianapolis and BioCrossroads to help retain and attract talent. Chavers says...

    • (photo courtesy Grand Park Sports Campus)

      Construction Begins on Pro X Facility at Grand Park

      Officials in Westfield broke ground Wednesday on the $5 million Pro X Athlete Development facility at Grand Park Sports Campus.  Westfield, IN –Today, Mayor Andy Cook joined other city leaders and owners of Pro X Athlete Development to break ground on the latest business to make Grand Park its home. The $5 million Pro X facility is scheduled to open in early 2019.

    • Fishers To Buy Historic Home

      The Morris-Flanagan-Kincaid House in Fishers will have a new owner and location this summer. The city of Fishers will purchase the 1861-built brick farmhouse from Nickel Plate Arts and move it from the Navient campus along I-69 to a new spot on USA Parkway. 

    • Rural Indiana Facing 'Have/Have-not Situation'

      The CEO of Indianapolis-based Indiana Fiber Network calls the 16-year-old broadband internet provider "a great Hoosier success story." IFN, which was launched with a focus on high-speed connectivity for 20 rural telephone companies, now includes some 4,000 buildings throughout the state plugged-in through a network of more than 4,500 miles of fiber. Despite its growth, Jim Turner says there's still work to be done to bridge the broadband access gap in rural areas.