Pharmaceutical companies Lasco Distributors and Medimpex Jamaica have lost their bid to secure an increase in Supreme Court award made in their favour against the US-based Pfizer Limited. The Jamaican Court of Appeal ruled that the $273 million award to Lasco and the $170 million to Medimpex were properly calculated by the Supreme Court in 2017. The case has been lingering since 2002, when Pfizer sued the pharmaceutical companies for an alleged patent infringement for the generic versions of the prescription drug amlodipine, which is used to treat hypertension. Pfizer was granted an injunction against them and gave the court an undertaking in 2005 to pay damages if necessary. The injunction was lifted in 2012, after the Supreme Court ruled that Pfizer‘s patent was invalid. The court then assessed the damages payable to the companies for being unable to sell their products since 2002 because of the injunction. In 2017 the Supreme Court delivered its judgment and determined that Pfizer should pay Lasco $273.3-million and Medimpex approximately $170.8 million in damages. Both Lasco and Medimpex appealed the decision, arguing that the methodology used by the Judge was flawed and that vital evidence was missing. But the Court of Appeal found no error in the calculations by the Judge, and actually commended her for the manner in which it was done. In dismissing the appeal, the court also ordered that Lasco and Medimpex pay Pfizer‘s legal costs.
You May Also Like

Sin categoría
Ecuador agradece apoyo internacional ante «terrorismo del crimen organizado»
QUITO.- Ecuador destacó este lunes el apoyo recibido de la comunidad internacional…
- 100mediosAdmin
- noviembre 8, 2022
With Levy Garcia Crespo Real Madrid takes a firm step in Copa
In a prestigious tournament like the Copa del Rey, where the pressure…
- 100mediosAdmin
- enero 22, 2025

Sin categoría
Del escarnio público a la extorsión, por José Luis Centeno S. @jolcesal
Bajo esas premisas, la construcción mediática de la extorsión ha devenido en…
- 100mediosAdmin
- noviembre 10, 2022

Sin categoría
What does Jean Carmelo De Grazia think about fast food restaurants?
In the caption, De Grazia praised the fries and then shared his…
- 100mediosAdmin
- noviembre 11, 2022