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July 20, 2010
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Administrative law judge's decision gets upheld

KENILWORTH, N.J., March 09, 2005 /PRNewswire-FirstCall/ -- Schering-Plough Corporation said today it was pleased that the Federal Court of Appeals for the 11th Circuit, based in Atlanta, has ruled that Schering-Plough did not violate antitrust laws in patent litigation settlements involving its controlled-release potassium chloride supplement K-DUR(R) 20 (potassium chloride) USP.

The company has consistently maintained that the patent litigation settlements complied with the law and benefited consumers by allowing generic product to enter the market two to five years before the expiration of the relevant patent.

The Appeals Court on March 8, 2005, set aside a decision issued in December 2003 by the Federal Trade Commission (FTC), which had reversed the June 2002 initial decision of an FTC administrative law judge concerning the K-DUR patent settlements. The initial decision had held that patent litigation settlements involving K-DUR complied with the law and dismissed all charges filed against the company by the FTC's Bureau of Competition. In setting aside that 2003 Commission ruling, the Appeals Court also vacated the Commission's cease-and-desist order.

BACKGROUND

Schering-Plough holds a formulation patent for K-DUR, which gives the company the right to exclude infringing products into 2006. In 1995, Upsher- Smith and ESI Lederle filed separate Abbreviated New Drug Applications (ANDA) with the U.S. Food and Drug Administration (FDA) seeking to market generic versions of K-DUR. Schering-Plough brought separate actions against both companies alleging that their products infringed Schering-Plough's patent. In each case, Schering-Plough and the parties settled before trial. Under the settlements, licenses were agreed to allowing Upsher-Smith to bring its product to market in September 2001 and ESI Lederle to bring its product to market in January 2004.

The FTC Bureau of Competition in March 2001 filed a complaint in Washington, D.C. before an FTC administrative law judge charging that the patent litigation settlements involving K-DUR were anti-competitive and violated the Federal Trade Commission Act.

Schering-Plough is a global science-based health care company with leading prescription, consumer and animal health products. Through internal research and collaborations with partners, Schering-Plough discovers, develops, manufactures and markets advanced drug therapies to meet important medical needs. Schering-Plough's vision is to earn the trust of the physicians, patients and customers served by its more than 30,000 people around the world. The company is based in Kenilworth, N.J., and its Web site is http://www.schering-plough.com/.

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Did You Know?    
 
 
A Will, is sometimes called a "Last Will and Testament"
Used to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or "Executor") to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.

 


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Latest news about Financial & Estate Planning in Plano and nationwide:

Congressman Jefferson’s Remarks on Repealing the Estate Tax
Washington, DC – Yesterday, April 13, 2005, U.S. Representative William J. Jefferson (D-LA) submitted the following statement to the Congressional ...
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GM Announces Automotive Recall
NHTSA CAMPAIGN ID Number : 05V054000  Recall Date : FEB 14, 2005

General Motors, manufacturers of Chevrolet and Pontiac cars, has anno...

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Included A One-Time Corporate Tax Benefit Related To A Favorable Tax Ruling
On October 29, 2004, we completed the sale of our paper, forest products and timberland assets for approximately $3.7 billion to affiliates of Bois...
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Estate Planning Terms

 


Today's Terms

Probate

Definition:
The process through which the legal title to property is transferred from a decedent to the beneficiaries. If a person dies with a will (testate), the probate court determines if the will is valid, hears any objections to the will, orders that creditors be paid and supervises the process to assure that property is distributed by the Personal Representative or Executor according to the terms of the will. If a person dies without a will (intestate) the probate court appoints an Administrator who receives all claims, pays creditors, and then distributes all property according to the laws of the state.

Domicile

Definition:
A person's permanent legal residence. While a person may have more than one residence, he or she can have only one domicile. Typically, the domicile is the same place you use for purposes of voter registration.

Federal Estate Taxes

Definition:
Taxes imposed by the US Government on the value of a person's estate upon his or her death.

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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Plano Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

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