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: Indiana Civil & Business LawyerTrade Secrets: Pfizer Hit for $38 million
A Santa Clara County jury has ordered drugmaker Pfizer to pay $38 million to a leading medical research nonprofit for stealing trade secrets to develop a pain relief drug.***
The Superior Court jury reached the verdict Monday in a 2004 lawsuit filed against Pfizer by the San Bruno nonprofit Ischemia Research and Education Foundation.The lawsuit said Pfizer in 2002 wanted to use the foundation's database for clinical trials on Bextra, a drug to treat acute pain chiefly caused by arthritis. The drug was eventually taken off the market over concerns it posed a heart risk.
After the New York drugmaker and the foundation could not agree on terms for use of the database, the lawsuit alleged Pfizer arranged a side deal with Ping Hsu, a lead statistician at the foundation. Hsu provided the data without approval, according to the suit.
Pfizer said it plans to appeal.
Full post as published by Indiana Civil & Business Lawyer on January 12, 2009 (boomark / email).
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