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Mylan must face EpiPen racketeering lawsuit

January 21, 2021 By Nancy Crotti

A federal judge in Minnesota has decided that Mylan must face a lawsuit accusing it of paying bribes and kickbacks to pharmacy benefit managers and of conspiring to fix prices on its EpiPen device. Drug wholesalers Rochester Drug CoOperative and Dakota Drug filed separate but similar lawsuits in March 2020 and June 2020, respectively, claiming […]

Filed Under: Auto-injectors, Business/Financial News, Featured, Legal News Tagged With: epipen, Mylan, Viatris

Appeals court nixes GSK’s petition for new trial in Vectura patent spat

November 20, 2020 By Nancy Crotti

The Federal Circuit Court has rejected Glaxo Smith Kline’s (NYSE:GSK) petition for a new trial in a patent case brought by British inhaler company Vectura. The circuit court upheld a May 2019 jury verdict in U.S. District Court for the District of Delaware, awarding Ventura $89.7 million damages for the period from August 2016 through […]

Filed Under: Drug-Device Combinations, Featured, Legal News, Respiratory Tagged With: GlaxoSmithKline plc, Vectura

Medtronic, Tandem Diabetes Care bury the hatchet on potential IP disputes

July 9, 2020 By Chris Newmarker

Medtronic Tandem Diabetes Care

Two major insulin pump makers — Medtronic (NYSE:MDT) and Tandem Diabetes Care (NSDQ:TNDM) — announced today that they’ve inked a non-exclusive patent cross-license agreement related to diabetes treatment tech. The companies said the agreement will allow them to focus on innovation while avoiding the distraction of potential legal disagreements. The deal could be but another example of […]

Filed Under: Business/Financial News, Diabetes, Drug-Device Combinations, Featured, Legal News Tagged With: Abbott Laboratories, insulin, Tandem Diabetes Care

Indiana man may proceed with pain pump lawsuit against Medtronic

January 6, 2020 By Nancy Crotti

An Indiana federal judge on Friday dismissed two parts of a lawsuit against Medtronic (NYSE:MDT), but said that the plaintiff can continue to pursue the third count. Kirk Bledsoe sued Medtronic in Indiana state court in 2017 after the company’s Synchromed II pain pump, which Bledsoe had implanted in 2011, failed on two occasions and […]

Filed Under: Featured, Implants, Legal News, Pain Management Tagged With: Medtronic

OncoSec $30m fundraise threatened by spat

December 2, 2019 By Chris Newmarker

OncoSec

OncoSec Medical (NSDQ:ONCS) is embroiled in a lawsuit and proxy war over a $30 million money-raise as it seeks to continue development of its cancer treatment technology. The company — headquartered in San Diego and Pennington, N.J. — sent a letter to shareholders today in which it countered what it described as false and misleading statements […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Legal News, Oncology Tagged With: Alpha Holdings, Cancer, China Grand Pharmaceutical and Healthcare Holdings, OncoSec Medical, Sirtex Medical Holdings

Pixarbio CEO Reynolds convicted in $13m investor fraud case

October 29, 2019 By Brad Perriello

PixarBio CEO Frank Reynolds

Pixarbio founder & CEO Frank Reynolds reportedly faces two decades behind bars after a jury yesterday convicted him of defrauding investors of nearly $13 million. Federal authorities arrested Reynolds, longtime friend and Pixarbio employee Jay Herod and PixarBio CIO Kenneth Stromsland in April 2018 on securities fraud charges, claiming they misled investors about the opioid substitute […]

Filed Under: Featured, Legal News, Pain Management, Pharmaceuticals Tagged With: InVivo Therapeutics, PixarBio

Judge adds $10m in damages in Vectura-GSK patent spat

September 16, 2019 By Nancy Crotti

vectura-logo

This article has been updated with a statement from Glaxo Smith Kline. A federal judge in Delaware has awarded British inhaler company Vectura an additional $10.5 million in compensatory damages from Glaxo Smith Kline (NYSE:GSK) in a patent dispute. In May, a jury awarded Vectura $89.7 million in damages for the period from August 2016 […]

Filed Under: Drug-Device Combinations, Featured, Legal News, Respiratory, Uncategorized Tagged With: GlaxoSmithKline plc, Vectura

Dexcom claims win in patent war with AgaMatrix unit WaveForm

August 26, 2019 By Brad Perriello

Dexcom, AgaMatrix

Dexcom Inc. (NSDQ:DXCM) last week claimed a win along one front of its patent war with AgaMatrix subsidiary WaveForm Technologies, when an Oregon federal court dismissed a lawsuit alleging that its continuous glucose monitors infringe WaveForm patents. Wilsonville, Ore.-based WaveForm sued Dexcom in March 2016, alleging infringement of a trio of patents covering a compound […]

Filed Under: Diabetes, Featured, Legal News Tagged With: agamatrix, DexCom Inc., waveformtechnologies

Mylan agrees to settle SEC EpiPen probe for $30 million

July 31, 2019 By Nancy Crotti

Mylan logo - updated

Mylan (NSDQ:MYL) is nearing a $30 million settlement with the Securities and Exchange Commission (SEC) over an investigation involving the company’s EpiPen auto-injector and the Medicaid drug rebate program. The SEC probe was announced in 2016, shortly after Mylan agreed to pay $465 million to the U.S. Department of Justice to settle claims that it […]

Filed Under: Auto-injectors, Business/Financial News, Legal News, Wall Street Beat Tagged With: Centers for Medicare and Medicaid Services (CMS), epipen, Mylan, Securities and Exchange Commission (SEC), U.S. Department of Justice

SEC accuses lawyers in $1.7m PixarBio fraud

June 28, 2019 By Brad Perriello

PixarBio

The U.S. Securities & Exchange Commission this week accused a coterie of lawyers of securities fraud in connection with nearly $1.7 million in illicit stock sales involving PixarBio. The scheme began in the fall of 2014, the SEC alleged, when Connecticut lawyer Henry Sargent formed a shell company called BMP Holdings and coaxed $1,680 from […]

Filed Under: Featured, Legal News, Pharmaceuticals, Wall Street Beat Tagged With: PixarBio

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