Genentech, City of Hope National Medical Center biopharmaceuticals news

The California Court of Appeal upheld a 2002 jury ruling in the Los Angeles County Superior Court that DNA breached its contract and fiduciary duty with the medical center (see BioCentury, July 1, 2002). The jury ruled that DNA owes City of Hope compensatory damages of $300.2 million in royalties and awarded the City of Hope $200 million in punitive damages. DNA said it will seek to have the case reviewed by the California Supreme Court. ...