Bausch Health and partners settle Xifaxan IP litigation
Canada-based Bausch Health Companies (TSX: BHC), along with its wholly-owned subsidiary, Salix Pharmaceuticals and its licensor AlfaSigma, have agreed to resolve the outstanding intellectual property litigation with Sandoz, regarding Xifaxan (rifaximin) 550mg tablets.
The Salix Parties will grant Sandoz a non-exclusive license effective January 1, 2028, to its intellectual property relating to hepatic encephalopathy treatment Xifaxan 550mg tablets in the USA.
Novartis (NOVN: VX) subsidiary Sandoz acknowledges the validity of the licensed patents. Final patent expiry on Xifaxan 550mg tablets is October 2029.
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