litigation
confidence high
sentiment positive
materiality 0.85
Jury awards Puma/Wyeth $107.5M in Tagrisso patent infringement case vs AstraZeneca
PUMA BIOTECHNOLOGY, INC.
- Jury found '314 and '162 patents infringed and not invalid; damages $107.5M for past acts.
- Puma was dismissed as plaintiff but retains contractual right to recover damages under Pfizer license.
- Bench trial on equitable defenses (unclean hands, patent misuse) set for June 17-18, 20, 2024.
- Further proceedings will determine ongoing royalty rate through patent term.