Bausch Health's Salix grants nonexclusive license to Teva Pharmaceuticals, settles suit

Bausch Health subsidiary Salix Pharmaceuticals settled an intellectual property case against Teva Pharmaceuticals over Salix's ulcerative colitis drug Apriso.

What you should know:

1. Salix will give Teva a nonexclusive license to market a generic version of Apriso in the U.S. effective Oct. 1, 2021.

2. Bausch will not make any payments to Teva or provide the drugmaker any "transfers of value."

3. Both parties will dismiss pending litigation related to Apriso.

4. Salix's Apriso patent expires in 2030.

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