U.S. Supreme Court Turns Down Cancer Drug Patent Fight Between Bristol Myers and Gilead

The U.S. Supreme Court on Monday rebuffed a bid by Bristol Myers Squibb Co’s Juno Therapeutics Inc to reinstate a $1.2 billion award it won in its patent fight with Gilead Sciences Inc subsidiary Kite Pharma Inc over a lymphoma drug.

The justices turned away Juno’s appeal of a lower court’s ruling throwing out the award in the litigation over Kite’s biologic drug Yescarta, in a case that could have repercussions for the cutting-edge biologic drug industry.

Juno and Sloan Kettering Institute for Cancer Research sued Kite in 2017 in federal court in Los Angeles, accusing it of copying technology that the institute licenses to Juno. A jury awarded the plaintiffs $778 million in damages, which a judge later increased to $1.2 billion.

Read the source article at money.usnews.com