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Enzo Biochem v. J&J

This article was originally published in The Gray Sheet

Executive Summary

Litigants enter settlement whereby Johnson & Johnson and subsidiary Ortho agree to pay Enzo $35 mil. "for research and development work conducted by Enzo under [an earlier] agreement and to settle all claims the parties may have had against each other arising out of the agreement," Enzo announces Oct. 20. Enzo had filed the suit in 1987, charging breach of contract of a development agreement relating to Enzo DNA probes. The suit sought $100 mil. in compensatory damages and $500 mil. in punitive damages. Enzo estimates that it spent $2 mil. pursuing the litigation



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