02.05.2011 • NewsAsahi KaseiActelionBiotechnology

Asahi Awarded Up To $547 Million In Actelion Case

Swiss biotech group Actelion may appeal against a jury's decision in a Californian court to award Asahi Kasei Pharma Corporation up to $547 million in a dispute with Actelion unit CoTherix.

Actelion said in a statement that the Superior Court of the State of California jury would on Tuesday continue deliberations regarding punitive awards.

"The company is disappointed, but respectful of the jury's verdict in this ongoing litigation. Once the jury has concluded their deliberations, Actelion will decide on potential further steps, including (but not limited to) an appeal," Actelion said in a statement.

Asahi filed a complaint at the State Court of California at the end of 2008 against Actelion and its subsidiaries Actelion Pharmaceuticals U.S. Inc., Actelion Pharmaceuticals Ltd, Actelion U.S. Holding Company, CoTherix and three individual officers. The dispute concerns a licensing and development agreement between Asahi and CoTherix for the drug compound fasudil that was terminated when Actelion bought CoTherix in 2007.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.