Brief: Adocia Announces Receipt Of 14.3 Million Dollar Payment From Eli Lilly

Adocia SA

30/09/2019 06:50

Sept 30 (Reuters) - ADOCIA SA  ADOC.PA :
    * ADOCIA ANNOUNCES RECEIPT OF USD 14.3 MILLION PAYMENT FROM
ELI
LILLY FOLLOWING ARBITRATION CONCLUSION AND THE DECISION BY
MUTUAL CONSENT WITH ELI LILLY TO CONCLUDE THE CIVIL CASE
    * THE PAYMENT OF USD 14.3 MILLION CORRESPONDS TO THE USD
11.6
MILLION IN DAMAGES PLUS INTEREST AWARDED TO ADOCIA IN AUGUST
2018 BY AN AMERICAN ARBITRATION ASSOCIATION PANEL PRESIDING
    * ADOCIA AND ELI LILLY TOGETHER AGREED TO FILE A CONSENT
JUDGMENT
TO CONCLUDE THE CIVIL LITIGATION INITIATED BY ELI LILLY AT THE
COURT OF THE SOUTHERN DISTRICT OF INDIANA

Source text for Eikon:  ID:nBw3ZGdpDa 
Further company coverage:  ADOC.PA 

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