Affymetrix Inc. and Life Technologies Corp.’s Navigenics unit didn’t infringe a patent owned by Massachusetts Institute of Technology and E8 Pharmaceuticals LLC over a system to analyze genes, the U.S. Court of Appeals for the Federal Circuit said yesterday.
Skadden Arps Slate Meagher & Flom LLP and Torys LLP advised Endo Health Solutions Inc. on its agreement to buy Canadian drugmaker Paladin Labs Inc. for about $1.6 billion to expand in that country and emerging markets.
Endo Health Solutions Inc., a maker of painkillers facing declining revenue for its main treatments, agreed to buy Canadian drug company Paladin Labs Inc. for about $1.6 billion to expand in that country and emerging markets. Endo shares soared the most in 13 years.
Stryker Corp., the second-largest seller of orthopedic devices, will pay more than $13.2 million to settle U.S. regulatory claims that subsidiaries paid bribes in five countries to gain or retain business.
A former employee of Bernard Madoff on trial for allegedly aiding the con man’s $17 billion fraud told investigators in 2008 that he closed his personal investment account two years before the Ponzi scheme unraveled because the consistently high returns made him feel “sick.”
Skadden, Arps, Slate, Meagher & Flom held on to the top spot among U.S. legal advisers on global mergers and acquisitions in the first half of this year, as deal-making sputtered after a brief recovery.