Gilead ordered to pay $200 million in damages to Merck & Co
A federal jury in California has ordered Gilead Sciences (Nasdaq: GILD) to pay $200 million in damages to Merck & Co (NYSE: MRK) and its partner Ionis Pharmaceuticals (Nasdaq: IONS) for patent infringement.
It follows a court decision on Tuesday (March 22) to uphold the validity of two patents held by Merck and Ionis for hepatitis C drug sofosbuvir.
Spokeswoman for Gilead, Michele Rest, confirmed the company would appeal the decision.
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