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IN BRIEF / Southland

Watson, Glaxo Reach Deal in Patent Suit

July 13, 2001|Bloomberg News

Watson Pharmaceuticals Inc. said it settled a patent-infringement lawsuit with GlaxoSmithKline, which had accused it of infringing patents on the British drug maker's Wellbutrin antidepressant.

Glaxo sued Corona-based Watson in December 1999 and February of this year for allegedly infringing its patents by seeking U.S. regulatory approval of a generic version of Wellbutrin before the patents expired.

Watson disclosed the settlement in a Securities and Exchange Commission filing. Its shares rose $1.09 to close at $61.53 on the New York Stock Exchange.

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