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SSJR Client Apotex Obtains Order Increasing Total Bond Amount to $442 Million After Successful Budesonide Trial
12 March 2015
SSJR has successfully moved the Court of Appeals for the Federal Circuit to require an additional $130 million bond from AstraZeneca, adding to existing bonds of $312 million, to allow recovery of damages and costs sustained by SSJR’s client Apotex as a result of an injunction. If the trial court’s recent decision finding AstraZeneca’s patent invalid is affirmed by the appellate court, Apotex will make a claim for damages and costs to recover these damages.