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ACUR > SEC Filings for ACUR > Form 8-K on 8-May-2014All Recent SEC Filings




Other Events

Item 8.01 Other Events

On May 8, 2014, we announced that we had entered into a Settlement Agreement with Ranbaxy Inc. ("Ranbaxy") to settle our patent infringement action pending in the United States District Court for the District of Delaware. In the suit, we alleged that a generic Oxycodone product for which Ranbaxy is seeking approval to market in the United States pursuant to an Abbreviated New Drug Application (ANDA) filed with the Food & Drug Administration infringes U.S. patents owned by us. The Settlement Agreement provides that Ranbaxy's current generic Oxycodone product that is the subject of its ANDA filing does not infringe our Orange Book listed patents with the FDA. We have not provided Ranbaxy a license to our patents and we may re-commence patent infringement litigation against Ranbaxy if Ranbaxy changes the formulation of its current generic Oxycodone product.

A press release announcing a settlement of the patent litigation with Ranbaxy, Inc is attached hereto and filed as Exhibit 99.1.

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