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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.
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.
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.
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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