litigation
confidence high
sentiment positive
materiality 0.75
Puma Biotechnology wins patent suit vs AstraZeneca; $107.5M jury award upheld in bench trial
PUMA BIOTECHNOLOGY, INC.
- Jury found Tagrisso infringes Wyeth's patents; damages of $107.5M for past infringement through Dec 31, 2023.
- Bench trial on equitable claims ruled in Wyeth's favor; all AstraZeneca defenses rejected.
- Puma maintains contractual rights to recover monetary damages under license with Pfizer.
- Post-trial motions pending; AstraZeneca seeks new trial, Wyeth seeks supplemental damages and ongoing royalties.