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PANACEABIO — Panacea Biotec News Story

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Brief: Panacea Biotec, Apotex Enters Into Settlement Agreement With Celgene Corp

June 15 (Reuters) - Panacea Biotec Ltd:
    * CO WITH PARTNER APOTEX ENTERED SETTLEMENT AGREEMENT WITH
CELGENE
CORPORATION
    * SETTLEMENT FOR DISPUTES ON PATENTS COVERING ABRAXANE DRUG
, CO'S
ANDA FOR PACLITAXEL PROTEIN BOUND PARTICLES FOR INJECTABLE
SUSPENSION
    * AS PART OF SETTLEMENT, CO, APOTEX WILL GET NONEXCLUSIVE
LICENSE;
MAY BEGIN SELLING CO'S GENERIC VERSION OF ABRAXANE IN U.S.,
TERRITORIES
    * OTHER TERMS OF AGREEMENT ARE CONFIDENTIAL

Source text: http://bit.ly/2sXKZEc
Further company coverage:  CELG.O 

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

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