Biopharmaceutics announces Chesebrough/Arden settlement.BELLPORT, N.Y.--(BUSINESS WIRE)--March 17, 1995--Biopharmaceutics, Inc. (AMEX AMEX See: American Stock Exchange :BPH BPH abbr. benign prostatic hyperplasia BPH Benign prostatic hypertrophy, a very common noncancerous cause of prostatic enlargement in older men. ) announced today that its claims against Chesebrough Ponds, USA Company and Elizabeth Arden Company, have been settled by Chesebrough paying an undisclosed sum to both Biopharmaceutics and its licensor. In addition, Chesebrough and Arden have agreed to additional terms satisfactory to Biopharmaceutics. The settlement ends the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. between the parties, which originally began with Treo's licensor suing defendants for failing to comply with FIFRA FIFRA Federal Insecticide, Fungicide and Rodenticide Act of 1972 and alleging claims for infringement of patent rights, false advertising, unfair competition and breach of contract, for which a preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. had been issued against Chesebrough/Arden. In an unrelated case, Biopharm and its licensor settled their litigation against Kiss My Face Company and its supplier, Corwood Laboratories, based on allegations similar to the Chesebrough matter, with payment of a cash settlement and an agreement to cease manufacturing, selling or distributing Kiss Off in any form which embodies the claims of the 922 patent. Kiss My Face Company further agreed that it shall not advertise or market Kiss Off as either an insect repellent or an Outdoor Protection Lotion containing an insect repellent until such time as Kiss My Face Company has dully registered that product with the Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and and each of the environmental authorities of the respective states. Edward Fine, president of Biopharm Lab, makers of Treo, stated: "It is our intention to aggressively pursue legal remedies and damages against any companies who attempt to market, sell, advertise, distribute or manufacture products, that violate the patents we have licensed, or who attempt to unfairly compete by not properly registering their product with the Environmental Protection Agency as required by the Federal Insecticide, Fungicide and Rodenticide Act Federal Insecticide, Fungicide and Rodenticide Act regulations administered by the (US) Environmental Protection Agency which regulate dispensing and use of pesticides. (FIFRA). With the successful completion of the actions taken against Chesebrough/Arden and Kiss My Face Company, we have demonstrated that we will seek and obtain damages and other relief from anyone who attempts to enter our market and compete unfairly, therein." CONTACT: Stuart Fine 516/286-5800 |
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