Lilly and Sanofi Reach Settlement Agreement in U.S. Insulin Glargine Litigation

[PR Newswire] – INDIANAPOLIS, Sept. 28, 2015 /PRNewswire/ — Eli Lilly and Company (LLY) has entered into a settlement agreement to resolve patent litigation with Sanofi regarding its insulin glargine product, Basaglar®. As a part of the agreement, Lilly and its alliance partner, Boehringer Ingelheim, will have the ability to launch Basaglar in the U.S. on December 15, 2016. Under the terms of the agreement, Sanofi has granted Lilly a royalty-bearing license so Lilly can manufacture and sell Basaglar in the Kwikpen® device globally. http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/lilly-sanofi-reach-settlement-agreement-133300869.html