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Pfizer settles Protonix patent case for $2.15B

By Washington Examiner
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NEW YORK (AP) — Two generic drugmakers will pay $2.15 billion to Pfizer and Takeda Pharmaceutical to settle a patent fight over the heartburn treatment Protonix.

Teva Pharmaceutical Industries Ltd., one of the world’s largest generic drugmakers, will pay $1.6 billion, while India’s Sun Pharmaceutical Industries Ltd. will pay $550 million for selling their versions of Protonix before the patent protecting the drug expired.

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