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February 06, 2012
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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:

Guatemala adopts new international agrigculture agreement
March 10, 2005

"I am very pleased that Guatemala today passed the United States-Central America-Dominican Republic Free Trade Agreement, wh...

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SAN JOSE, Calif March 14, 2005--The Semiconductor Industry Association (SIA) will hold a news conference at the National Press Club, 529 14th Stree...
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Estate Planning Terms

 


Today's Terms

Grantor

Definition:
The person who sets up or creates the trust; also called a Settlor, Trust Creator, Trust Maker, or Trustor.

Estate

Definition:
The total of all assets, all debts and other obligations of an individual. At the time of death the total amount of benefits (life insurance, annuity and retirement benefits) to be paid to beneficiaries are often also considered part of the estate for Federal Estate Tax purposes

Fiduciary

Definition:
A person in whom one places great confidence in and upon whom one relies for his or her integrity, trust, and good faith. A fiduciary has the legal duty to act in the best interest and benefit of another and therefore is held to the very highest legal standards. A trustee is a fiduciary.

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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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