AstraZeneca Pays $775 Million to Settle Drug Dispute With Japan’s Chugai

AstraZeneca Pays $775 Million to Settle Drug Dispute With Japan’s Chugai
The logo of AstraZeneca is seen on medication packages in a pharmacy in London on April 28, 2014. Stefan Wermuth/Reuters
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Anglo-Swedish drugmaker AstraZeneca Plc said on Thursday it would pay $775 million to settle a patent dispute with Japan’s Chugai Pharmaceutical involving lucrative rare disease treatment Ultomiris.

Both AstraZeneca and Chugai will withdraw patent infringement cases filed in the United States and Japan dating back to 2018 as part of the settlement, the London-listed company said in a statement.