AbbVie puts an end to Botox trade secrets suit, imposes royalty, license deal on competitor Evolus
The crown jewel of AbbVie’s big-dollar acquisition of Allergan, Botox is one of the most recognizable brands in pharma — and both drugmakers have worked overtime to protect its advantage. After scoring a fatal blow to Evolus’ chances as a major competitor late last year, AbbVie is now putting the icing on the cake.
Looking to settle once and for all a years-long IP spat, AbbVie will put a legacy Botox trade secrets case against Evolus to rest in return for a royalty and license deal for future sales, the Illinois drug giant said Friday.
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