Brief: Adocia Announces Update To Second Arbitration Against Eli Lilly & Co

Adocia SA

30/08/2018 17:17

Aug 30 (Reuters) - Adocia SA  ADOC.PA :
    * ADOCIA ANNOUNCES UPDATE TO SECOND ARBITRATION AGAINST ELI
LILLY
& COMPANY
    * ADOCIA SA - PROCEEDINGS REMAIN SET FOR ARBITRATION HEARING
IN
DEC 2018 AND TRIBUNAL DECISION IS EXPECTED IN 2019
    * ADOCIA SA - UPDATED AMOUNT OF DAMAGES & OTHER SPECIFIC
RELIEF TO
ABOUT $ 1.8 BLN
    * ADOCIA SA - LILLY FILED COUNTERCLAIMS AGAINST ADOCIA
SEEKING
ABOUT $188 MLN, INCLUDING PREJUDGMENT INTEREST
    * ADOCIA SA - PROCEEDINGS ARE CONFIDENTIAL AND ADOCIA WILL
REPORT
FURTHER AS APPROPRIATE
    * ADOCIA - COUNTERCLAIMS BASED ON ALLEGATION CO "CONCEALED
ITS
DISCOVERIES AND CONFIDENTIAL INFORMATION" WHICH ARE AT ISSUE IN
CO'S CLAIMS

Source text for Eikon:  ID:nBw4888tVa 
Further company coverage:  ADOC.PA  LLY.N 

 ((Reuters.Briefs@thomsonreuters.com;))