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Ariad patent victory over Lilly among largest in 2006

IBJ Staff
January 3, 2007
Keywords
Eli Lilly and Co., Health Care & Insurance, Health Care & Life Sciences, Law, Life Science & Biotech, Patent, Pharmaceutical, Public Companies
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Eli Lilly and Co.’s loss in May of a patent-infringement lawsuit brought by Ariad Pharmaceuticals Inc. went down as the 6th-largest such jury award last year, a Bloomberg analysis shows.

A Massachusetts jury awarded Ariad $65.2 million after unanimously agreeing that Lilly’s Evista and Xigris drugs infringed on a patent held by the Cambridge, Mass., drug developer.
 
Jury awards for patent verdicts nearly tripled last year from 2005—to $1 billion—as companies took to the courts to protect valuable technology, and increasingly trusted juries to sort through complex disagreements.
 
The largest jury award last year for infringing a patent, $307 million, went to Los Altos, Calif.-based Rambus Inc. after it sued Hynix Semiconductor Inc. of Inchon, South Korea, over use of random access memory. A judge cut the figure to $133.4 million.
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