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SNTS > SEC Filings for SNTS > Form 8-K on 12-Nov-2013All Recent SEC Filings

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Other Events

Item 8.01. Other Events.

On November 8, 2013, Depomed, Inc. ("Depomed"), Valeant International Bermuda ("Valeant"), and Santarus, Inc. ("Santarus") on the one hand, and each of Watson Laboratories, Inc.-Florida, Actavis, Inc., and Actavis Pharma, Inc. (collectively, "Watson") entered into a settlement and license agreement (the "Settlement Agreement") to resolve pending patent litigation involving GlumetzaŽ (extended release metformin tablets) 500 mg and 1000 mg.

The Settlement Agreement grants Watson the right to begin selling a generic version of Glumetza on August 1, 2016, or earlier under certain circumstances. The Settlement Agreement is subject to review by the U.S. Department of Justice and the Federal Trade Commission, as well as entry by the U.S. District Court for the District of Delaware of an order dismissing the litigation.

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