{"id":439948,"date":"2021-02-19T09:18:16","date_gmt":"2021-02-19T14:18:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=439948"},"modified":"2021-02-19T09:18:16","modified_gmt":"2021-02-19T14:18:16","slug":"abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/","title":{"rendered":"AbbVie, Evolus, and Medytox Announce Resolution of Intellectual Property Litigation"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NORTH CHICAGO, Ill.<\/span> and\u00a0NEWPORT BEACH, Calif. and <span class=\"xn-location\">SEOUL<\/span>, <span class=\"xn-chron\">Feb. 19, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0AbbVie (NYSE: ABBV), Evolus (NASDAQ: EOLS) and Medytox announce settlement agreements to fully resolve all outstanding litigation, including the United States International Trade Commission (ITC) case regarding the sale of Jeuveau\u00ae, between the companies. A <span class=\"xn-location\">California<\/span> court case filed by Medytox against Evolus will be dismissed.<\/p>\n<p>Under the terms of the settlement agreements, AbbVie and Medytox will release all claims against Evolus related to the alleged misappropriation of Medytox&#8217;s trade secrets and grant a license to Evolus to continue to commercialize Jeuveau\u00ae in <span class=\"xn-location\">the United States<\/span> and Nuceiva\u2122 in all other territories in which Evolus has licensing rights. AbbVie and Medytox will receive milestone and royalty payments from Evolus. In addition, Evolus will issue common stock to Medytox. <\/p>\n<p>This agreement follows the final determination of the ITC on <span class=\"xn-chron\">December 16, 2020<\/span> which found a misappropriation of Medytox&#8217;s manufacturing trade secrets and strain of C. botulinum and concluded that a violation of Section 337 of the Tariff Act of 1930 had occurred. As Daewoong Pharmaceutical Co. Ltd. is not a party to the settlement agreements, this settlement does not affect any legal rights, positions, or proceedings between Medytox and Daewoong in Korea and other countries.<\/p>\n<p>\n        <b>About AbbVie<br \/><\/b>AbbVie&#8217;s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people&#8217;s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women&#8217;s health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3072891-1&amp;h=1591160571&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2842121-1%26h%3D472145391%26u%3Dhttp%253A%252F%252Fwww.abbvie.com%252F%26a%3Dwww.abbvie.com&amp;a=www.abbvie.com\" rel=\"nofollow noopener noreferrer\">www.abbvie.com<\/a><\/u>. <\/p>\n<p>Follow\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3072891-1&amp;h=2071125445&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2842121-1%26h%3D1112371664%26u%3Dhttps%253A%252F%252Ftwitter.com%252Fabbvie%26a%3D%2540abbvie&amp;a=%40abbvie\" rel=\"nofollow noopener noreferrer\">@abbvie<\/a><\/u>\u00a0on\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3072891-1&amp;h=626684031&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2842121-1%26h%3D2257815989%26u%3Dhttps%253A%252F%252Ftwitter.com%252Fabbvie%26a%3DTwitter&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3072891-1&amp;h=2473902211&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2842121-1%26h%3D378868189%26u%3Dhttps%253A%252F%252Fwww.facebook.com%252FAbbVieGlobal%252F%26a%3DFacebook&amp;a=Facebook\" rel=\"nofollow noopener noreferrer\">Facebook<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3072891-1&amp;h=260403675&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2842121-1%26h%3D1253200891%26u%3Dhttps%253A%252F%252Fwww.instagram.com%252Fabbvie%252F%26a%3DInstagram&amp;a=Instagram\" rel=\"nofollow noopener noreferrer\">Instagram<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3072891-1&amp;h=3095720420&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2842121-1%26h%3D2405355254%26u%3Dhttps%253A%252F%252Fwww.youtube.com%252Fuser%252FAbbVie%26a%3DYouTube&amp;a=YouTube\" rel=\"nofollow noopener noreferrer\">YouTube<\/a><\/u>\u00a0and\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3072891-1&amp;h=2561062385&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2842121-1%26h%3D1012577455%26u%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fabbvie%252F%26a%3DLinkedIn&amp;a=LinkedIn\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a><\/u>.<\/p>\n<p>\n        <b>About Evolus, Inc.<br \/><\/b>Evolus is a performance beauty company with a customer-centric approach focused on delivering breakthrough products. In 2019, the U.S. Food and Drug Administration approved Jeuveau\u00ae (prabotulinumtoxinA-xvfs), the first and only neurotoxin dedicated exclusively to aesthetics and manufactured in a state-of-the-art facility using Hi-Pure\u2122 technology. Jeuveau\u00ae is powered by Evolus&#8217; unique technology platform and is designed to transform the aesthetic market by eliminating the friction points existing for customers today. Visit us at: <a href=\"http:\/\/www.evolus.com\" rel=\"nofollow\">www.evolus.com<\/a>.<\/p>\n<p>Jeuveau\u00ae is a registered trademark and Nuceiva\u2122 is a trademark of Evolus, Inc.<\/p>\n<p>Hi-Pure\u2122 is a trademark of Daewoong Pharmaceutical Co, Ltd.<\/p>\n<p>\n        <b>About Medytox<br \/><\/b>Medytox is a research-based bio pharmaceutical company which developed a botulinum toxin product for the first time in Korea (the fourth in the world), and engages in the development, manufacture, marketing and sales of neurotoxin products as its main business. Since its establishment in 2000, Medytox has developed and evolved into a global world-class R&amp;D company with the successful launch of its main neurotoxin product. Today, Medytox&#8217;s neurotoxin products are sold in about 40 countries with millions of people having already received therapeutic or aesthetic treatments. For more information regarding Medytox, go to: <a href=\"http:\/\/www.medytox.com\" rel=\"nofollow\">www.medytox.com<\/a>.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG85078&amp;sd=2021-02-19\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation-301231721.html\">http:\/\/www.prnewswire.com\/news-releases\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation-301231721.html<\/a><\/p>\n<p>SOURCE  AbbVie<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG85078&amp;Transmission_Id=202102190915PR_NEWS_USPR_____CG85078&amp;DateId=20210219\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NORTH CHICAGO, Ill. and\u00a0NEWPORT BEACH, Calif. and SEOUL, Feb. 19, 2021 \/PRNewswire\/ &#8212;\u00a0AbbVie (NYSE: ABBV), Evolus (NASDAQ: EOLS) and Medytox announce settlement agreements to fully resolve all outstanding litigation, including the United States International Trade Commission (ITC) case regarding the sale of Jeuveau\u00ae, between the companies. A California court case filed by Medytox against Evolus will be dismissed. Under the terms of the settlement agreements, AbbVie and Medytox will release all claims against Evolus related to the alleged misappropriation of Medytox&#8217;s trade secrets and grant a license to Evolus to continue to commercialize Jeuveau\u00ae in the United States and Nuceiva\u2122 in all other territories in which Evolus has licensing rights. AbbVie and Medytox will receive milestone and royalty &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AbbVie, Evolus, and Medytox Announce Resolution of Intellectual Property Litigation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-439948","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AbbVie, Evolus, and Medytox Announce Resolution of Intellectual Property Litigation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AbbVie, Evolus, and Medytox Announce Resolution of Intellectual Property Litigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NORTH CHICAGO, Ill. and\u00a0NEWPORT BEACH, Calif. and SEOUL, Feb. 19, 2021 \/PRNewswire\/ &#8212;\u00a0AbbVie (NYSE: ABBV), Evolus (NASDAQ: EOLS) and Medytox announce settlement agreements to fully resolve all outstanding litigation, including the United States International Trade Commission (ITC) case regarding the sale of Jeuveau\u00ae, between the companies. A California court case filed by Medytox against Evolus will be dismissed. Under the terms of the settlement agreements, AbbVie and Medytox will release all claims against Evolus related to the alleged misappropriation of Medytox&#8217;s trade secrets and grant a license to Evolus to continue to commercialize Jeuveau\u00ae in the United States and Nuceiva\u2122 in all other territories in which Evolus has licensing rights. 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A California court case filed by Medytox against Evolus will be dismissed. Under the terms of the settlement agreements, AbbVie and Medytox will release all claims against Evolus related to the alleged misappropriation of Medytox&#8217;s trade secrets and grant a license to Evolus to continue to commercialize Jeuveau\u00ae in the United States and Nuceiva\u2122 in all other territories in which Evolus has licensing rights. AbbVie and Medytox will receive milestone and royalty &hellip; Continue reading \"AbbVie, Evolus, and Medytox Announce Resolution of Intellectual Property Litigation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-19T14:18:16+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG85078&amp;sd=2021-02-19","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AbbVie, Evolus, and Medytox Announce Resolution of Intellectual Property Litigation","datePublished":"2021-02-19T14:18:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/"},"wordCount":505,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG85078&amp;sd=2021-02-19","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/abbvie-evolus-and-medytox-announce-resolution-of-intellectual-property-litigation\/","name":"AbbVie, Evolus, and Medytox Announce Resolution of Intellectual Property Litigation - 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