Repligen (NASDAQ: [[ticker:RGEN]]) of Waltham, MA, will collect $5 million from Bristol-Myers Squibb (NYSE: [[ticker:BMY]]) as part of the settlement, announced today, of a patent suit that the Massachusetts firm filed in 2006. Repligen will also collect royalties on BMS’s arthritis drug, Orencia, which Repligen and co-plaintiff the University of Michigan charged violated a patent owned by the university and the Navy and licensed exclusively to Repligen. All told, the royalties could be worth up to $117 million, according to a report in Mass High Tech.
Author: Rebecca Zacks
Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.
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