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Litigation

: How Appealing

"Genentech Must Pay $300 Million Award, Court Rules"

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"Genentech Must Pay $300 Million Award, Court Rules": Bloomberg News provides a report that begins, "Genentech Inc., the world's second- largest biotechnology company, must pay $300 million to a nonprofit medical research center seeking royalty payments for genetically engineered human insulin, a California court ruled. The California Supreme Court in San Francisco today said the company didn't have to pay another $200 million in punitive damages to City of Hope National Medical Center."

Reuters reports that "Court upholds $300 mln of award against Genentech."

And The Associated Press reports that "Court cuts $200M from royalty judgment against Genentech."

You can access today's ruling of the Supreme Court of California at this link. Earlier today, I previewed the ruling in a post you can access here.

Full post as published by How Appealing on April 24, 2008 (boomark / email).

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