Company News: Dyax, Teva and Shire
Teva and Shire settled a lawsuit over a supply contract for an authorized generic version of Shire's Adderall XR. No consideration was exchanged by the parties, Shire said. Shire has been supplying an authorized copy of the ADHD drug since April. Teva subsequently filed suit claiming Shire was in breach of contract due to supply issues. As the reason for the suit, Shire cited issues surrounding DEA restrictions placed on how much amphetamine it could ship, amphetamine being the product's active ingredient. After the lawsuit, DEA raised the 2009 quota for Shire, allowing it to supply Teva with additional amphetamine.