October 4, 2017 09:37 AM EDT

Congress fires another salvo at Allergan’s Mohawk deal; AI outfit raises $60M for discovery effort

Shehla Shakoor

Managing Director

→ Allergan’s move to try and steer around an IPR review of its patents for its $1.5 billion drug Restasis by handing them over to an Indian tribe for safekeeping was tailor made for public controversy. And lawmakers have proved obliging. Now a bipartisan group of House members are setting up a probe of the deal, which relies on the sovereign immunity of the Saint Regis Mohawk tribe to block the IPR. Allergan CEO Brent Saunders wants this to be a fight about the IPR process — what he’s wound up with is a PR battle with almost no chance of winning.

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Congress fires another salvo at Allergan’s Mohawk deal; AI outfit raises $60M for discovery effort

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