July 1, 2009
1.6 Billion Dollar Patent Infringement Verdict
In what may be the largest patent infringement verdict in U.S. history, a jury in the Eastern District of Texas found against Abbott and in favor of Centocor with $1.67 billion in damages. The jury found Abbott Laboratories infringed Centocor’s patent, Patent No. 7,070,775, to produce the arthritis drug Humira. The breakdown includes an award of $1,168,466,000 in lost profits and $504,128,000 in reasonable royalty damages.