Affymax (AFFY) Updates on Patent Suit Vs. Johnson & Johnson (JNJ); Court Issues Decision to Vacate Part of Arbitrators’ Award
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Affymax, Inc. (Nasdaq: AFFY) reports that on March 21, 2011, the United States District Court for the Northern District of Illinois, Eastern Division issued its decision to vacate in part the arbitrators’ award relating to sole ownership by certain subsidiaries of Johnson & Johnson (NYSE: JNJ) of the European Patent EP96/918.317 and other foreign counterpart patents and patent applications to the U.S. Patent No. 5,767,078.
As a consequence, the District Court remanded the issues of inventorship and ownership of such foreign patents and patent applications to the arbitration panel.
The District Court denied [their] motion to vacate and maintained the arbitration award with respect to the sole ownership by J&J of U.S. Patent No. 5,767,078.
As a consequence, the District Court remanded the issues of inventorship and ownership of such foreign patents and patent applications to the arbitration panel.
The District Court denied [their] motion to vacate and maintained the arbitration award with respect to the sole ownership by J&J of U.S. Patent No. 5,767,078.
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