US generic drugmaker Watson Pharmaceutical (NYSE: WPI) says that its subsidiary, Watson Laboratories, has reached a settlement with Johnson & Johnson (NYSE: JNJ) subsidiary Janssen Pharmaceuticals (formerly Ortho-McNeil-Janssen Pharmaceuticals) on outstanding patent litigation related to Watson's generic version of Janssen's oral contraceptive Ortho Tri-Cyclen LO (norgestimate/ethinyl estradiol) tablets.
Janssen filed its law suit on October 16, 2008 in the US District Court for the District of New Jersey following Watson's filing of an Abbreviated New Drug Application with the US Food and Drug Administration seeking approval to market its product prior to the expiration of US Patent No 6,241,815.
Janssen will manufacture the product for Watson
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