UFRF files lawsuit against Diamyd Medical

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Feb 11 2011

The University of Florida Research Foundation Inc. (UFRF) has filed a lawsuit in United States federal district court in Florida against Diamyd Medical (STO:DIAMB)(Pink Sheets:DMYDY) claiming that UFRF is entitled to a percentage of the license fee paid to Diamyd Medical by Ortho-McNeil-Jansen Pharmaceuticals, Inc. (OMJPI). Diamyd Medical has licensed certain rights from UFRF, and these rights were among the rights that Diamyd Medical sublicensed to OMJPI. Diamyd Medical is working with its U.S. legal counsel to settle this matter.

The outcome of this matter is deemed not to have a material impact on Diamyd Medical.

SOURCE Diamyd Medical

Posted in: Business / Finance

Tags: Cancer, Diabetes, Drug Delivery, Nervous System, Pharmaceuticals, Research

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