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Advanced Magnetics Announces Settlement of Lawsuit with Cytogen Corporation

Published in Drug Law Weekly, March 6th, 2007

Advanced Magnetics, Inc. (NASDAQ:AMAG) announced that it has settled its lawsuit with Cytogen Corporation. Both parties have agreed to dismiss the lawsuit and drop all claims against each other. Under the terms of the settlement agreement, Advanced Magnetics and Cytogen agreed to terminate both the license and marketing agreement and the supply agreement between the parties, effective immediately.

With the termination of its agreements with Cytogen, Advanced Magnetics has re-acquired the United States marketing rights to Combidex(R), Advanced Magnetics' investigational functional molecular imaging agent for use in conjunction with magnetic resonance imaging to aid in...

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Source: Drug Law Weekly (2007-03-06)

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