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Litigation

Oct. 14, 2011

Biotech company drops suit against Bayer mid-trial

After one and a half weeks of trial, South San Francisco-based Onyx Pharmaceuticals Inc. dropped a lawsuit against its drug development partner, Bayer HealthCare, in exchange for at least $160 million in future sales revenue.


By Mandy Jackson


Daily Journal Staff Writer


After one and a half weeks of trial, South San Francisco biotechnology company Onyx Pharmaceuticals Inc. on Wednesday dropped a lawsuit against its drug development partner, Bayer HealthCare, in exchange for at least $160 million in future sales revenue.


Litigators and contract negotiators worked simultaneously to end - one way or another - Onyx's 2009 lawsuit against Bayer in U.S. District Court...

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