Florida Patent Holder Wins $48 Million Judgment
A small Pinellas park business, AlphaMed Pharmaceutical Corp., has been awarded $48-million in compensatory damages arising from the alleged fraudulent sale of its patent on a new drug according to an article in the St. Petersburg Times.
Arriva Pharmaceuticals Corp. and a private investigation firm were found guilty of unfair competition, sealing trade secrets, and interfering with AlphaMed’s business.
The trial was held in federal court in Miami, Florida, and the jury decision came Monday, December 19, 2005, after five days of deliberation. Click here for the complete St. Petersburg Times article.