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OraSure, Schering-Plough lawsuit

This article was originally published in The Tan Sheet

Executive Summary

Compound W Freeze Off marketer OraSure has reached an agreement on principal terms to settle pending patent infringement litigation against Schering-Plough Healthcare Products, which markets the Dr. Scholl's Freeze Away wart-removal product, firm announces Nov. 14. Under terms of the settlement, Schering-Plough will receive a license to OraSure's patents in the U.S. OTC market, and OraSure will receive monetary compensation from past and future sales. The settlement is subject to completion and execution of a final agreement. OraSure filed the lawsuit in 2004. Recently, an arbitration panel found in favor of OraSure starting Prestige Brands' 2006 acquisition of Wartner wart-removal line breached a no-compete agreement between the firms (1"The Tan Sheet" Oct. 29, 2007), In Brief)...

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