trending Market Intelligence /marketintelligence/en/news-insights/trending/1XoHLQQvWMo1GYDbe4JAMw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

MediWound settles disputes with Teva, PolyHeal over wound product

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


MediWound settles disputes with Teva, PolyHeal over wound product

MediWound Ltd. has agreed to settle disputes with Teva Pharmaceutical Industries Ltd. and Polyheal Ltd. involving licensing payments for a wound product.

The settlement covers a 2010 agreement under which MediWound licensed the PolyHeal wound product, then sublicensed the product as well as MediWound's NexoBrid to Teva. The licensing deal required Teva to pay MediWound $6.8 million once a certain milestone was met. However, MediWound said that payment was never received. The funds were to be used for purchasing PolyHeal shares.

Shareholders of PolyHeal then sued MediWound in September 2014 claiming that the company was obligated to pay about $1.5 million in exchange for the shares they held. A November 2017 ruling by the Tel Aviv District Court ordered MediWound to pay $1.5 million to the PolyHeal shareholders who filed the lawsuit against the company.

MediWound has now settled its claim against Teva regarding the milestone payment. Teva will pay MediWound $4 million in cash and will reduce the amount owed by MediWound regarding a 2013 repurchase of shares from Teva. Under the original licensing agreement, Mediwound owed certain revenues from NexoBrid to Teva, and the new settlement reduces the rate to $10.2 million.

MediWound also settled with the shareholders of PolyHeal, who brought the original lawsuit.