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GSK announces $1.25 bln settlement between ViiV Healthcare, Gilead

HBS Reporting

GSK announces $1.25 bln settlement between ViiV Healthcare, Gilead

GSK announces $1.25 bln settlement between ViiV Healthcare, Gilead

Feb 1 (Reuters) – GlaxoSmithKline PLC (GSK.L) announced a settlement worth $1.25 billion between its ViiV Healthcare and Gilead Sciences Inc (GILD.O) on Tuesday in relation to patent violations by Gilead’s Biktarvy, a medicine to treat human immunodeficiency virus.The companies have agreed on a patent license and Gilead will also pay a 3% royalty on future U.S. sales of Biktarvy, GSK said in a statement.

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