Egalet and Purdue reach patent settlement
US specialty pharma firm Egalet (Nasdaq: EGLT) says it has reached an agreement with Purdue Pharma as it relates to alleged patent infringements against Egalet and product licensor Acura Pharmaceuticals (Nasdaq: ACUR) for Oxaydo (oxycodone HCl, USP) tablets CII.
In April 2015 and April 2016 Purdue Pharma LP, Purdue Pharmaceuticals LP and The PF Laboratories, filed patent infringement lawsuits against Egalet for Oxaydo alleging the product infringes Purdue's US Patent Nos 8,389,007 and 9,308,171, respectively.
Egalet license worldwide rights to Oxaydo, the first and only approved immediate-release oxycodone product formulated to deter abuse via snorting from US specialty pharma firm Acura last year (The Pharma Letter January 9, 2015)
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