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Quotes & Info
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| SNTS > SEC Filings for SNTS > Form 8-K on 10-Dec-2012 | All Recent SEC Filings |
10-Dec-2012
Other Events
On December 10, 2012, the U.S. Court of Appeals for the Federal Circuit issued an order denying a combined petition for panel and en banc rehearing filed by Par Pharmaceutical, Inc. ("Par") with respect to the decision issued by the Federal Circuit on September 4, 2012. That decision, by a panel of three Federal Circuit judges, reversed a lower court decision of invalidity involving certain asserted patent claims of U.S. Patent numbers 6,780,882 and 7,399,772, covering Zegerid® Capsules and Zegerid Powder for Oral Suspension. Denial of Par's petition means that the September 4th panel decision is the final decision of the Federal Circuit. Although Par may pursue an appeal to the U.S. Supreme Court, Santarus does not believe that Par has a meritorious basis upon which to further dispute infringement or validity.
Even in the event that Par pursues an appeal to the U.S. Supreme Court, Santarus expects the Federal Circuit to issue its mandate in the near future, the effect of which will be to remand the case to the District Court for further proceedings pertaining to damages. Santarus cannot be certain of the timing or outcome of any damages proceedings.
Forward-Looking Statements
Santarus cautions you that statements included in this report that are not a
description of historical facts are forward-looking statements. The inclusion of
forward-looking statements should not be regarded as a representation by
Santarus that any of its plans will be achieved. Actual results may differ
materially from those set forth in this report due to the risks and
uncertainties inherent in Santarus' business, including, without limitation:
Santarus' ability to recover damages from Par in a timely manner or at all; the
difficulty in predicting the timing and outcome of the further District Court
proceedings and whether Par raises any further challenges concerning
infringement or validity through an appeal to the U.S. Supreme Court or
otherwise; the impact of the Federal Circuit decision on the additional pending
patent litigation relating to Zegerid and Zegerid OTC ®; and other risks
detailed in Santarus' prior public periodic filings with the Securities and
Exchange Commission.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Santarus undertakes no obligation to revise or update this report to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
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