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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Momenta Pharmaceuticals Inc | NASDAQ:MNTA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 52.48 | 47.70 | 52.45 | 0 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
Amphastar Pharmaceuticals Inc. (AMPH) Wednesday said it will receive nearly $60 million from Momenta Pharmaceuticals Inc. (MNTA) and a unit of Novartis AG (NVS) after the companies agreed to settle their long-running litigation related to generic versions of the blood-thinner Lovenox.
Amphastar, a Rancho Cucamonga, Calif., specialty pharmaceutical company, said Novartis' Sandoz and Momenta will pay $59.9 million by July 2 as part of the settlement, under which the companies will dismiss all pending litigation.
Momenta and its partner Sandoz filed a patent-infringement suit against Amphastar in 2011, seeking more than $900 million in damages, after the U.S. Food and Drug Administration approved Amphastar's generic version of Sanofi's (SNY) Lovenox. Amphastar later countered with an antitrust suit against Momenta and Sandoz.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 19, 2019 07:37 ET (11:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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