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Taiwanese pharmaceutical company PharmaEssentia can't escape sanctions in Massachusetts federal court for being tight-lipped during discovery in a feud with Austrian pharmaceutical company AOP Orphan over a €142 million arbitral award, a judge ruled Monday.
Yannick A. Minang, 27, was sentenced by U.S. District Court Judge Patti B. Sarris to more than four years in prison. Read more at Boston.com.
A former Aegerion Pharmaceuticals Inc. salesman convicted of fraud acted "over the law" by boasting that his illegal off-label sales of cholesterol drugs had helped people, a Boston federal judge said Thursday as he handed down a 4½-year sentence.
Taiwanese pharmaceutical company PharmaEssentia renewed its bid to toss litigation over a disputed €142 million ($165 million) arbitral award secured by Austrian pharmaceutical company AOP Orphan, saying a Massachusetts federal court lacks jurisdiction over the suit because the company has insufficient ties to the state.
Austrian pharmaceutical company AOP Orphan is seeking sanctions against Taiwanese pharmaceutical company PharmaEssentia, saying the latter has so far ducked the former's efforts to establish jurisdiction in litigation to enforce a more than €142 million arbitral award that arose from a soured licensing deal.