Merck Wins Nearly $2.5 Billion from Gilead in Hepatitis C Drug Royalties Verdict
Author: Lauren Santye, Assistant Editor
Merck & Co was awarded $2.54 billion in royalties from a hepatitis C virus (HCV) drug patent lawsuit against Gilead Sciences Inc over their blockbuster HCV drugs, Sovaldi and Harvoni.
After a nearly 2-week trial, a federal jury in Delaware found that the Merck patent on these HCV drugs was valid, according to a press release
“The jury’s verdict upholds patent protections that are essential to the development of new medical treatments,” Merck said in a statement, as reported by Fortune
Michele Rest, spokeswoman for Gilead, said the company disagrees with the verdict and plans to appeal.
The jury’s decision was based on a 10% royalty rate from the sales of both drugs through August, Fortune
On the New York Stock Exchange, Merck’s stock increased slightly to $63 in late trade, while Gilead’s shares dropped 2% to $74.06 on the NASDAQ.