Industry: Healthcare
Walgreens settles covid testing dispute
US pharmacy chain Walgreens has agreed to pay US$595 million to a telemedicine group to settle a dispute over covid-19 testing.
26 February 2025
Novo Nordisk to bring fraud claim over hypertension drug
Danish pharmaceutical group Novo Nordisk is preparing to launch an ICC arbitration worth US$830 million against a Singapore biosciences company for alleged fraud, after acquiring a hypertension drug that failed in clinical trials.
19 February 2025
Walgreens fails to set-aside billion-dollar award over covid-19 tests
A US court has refused to set aside an award ordering US pharmacy chain Walgreens to pay US$988 million in a dispute over covid-19 testing, rejecting allegations the sole arbitrator was biased and ignored a liability cap.
13 February 2025
ICDR decides Asian health franchise dispute
A Pittsburgh-based health and wellness retailer has won ICDR awards worth over US$53 million against its franchisees in Singapore and the Philippines, which it is trying to enforce in the US courts.
04 October 2024
Indian healthcare award largely confirmed in Chicago
A court in Illinois has largely confirmed an ICC award worth US$115 million in favour of a US telemedicine company against the sellers of an Indian healthcare business – while overturning its findings against a prominent Keralan businessman.
30 September 2024
Czech Republic fails with additional challenges to plasma award
A UK court has dismissed the Czech Republic’s remaining challenges to a US$750 million treaty award won by investors in a blood plasma business, having previously upheld one ground raised by the state.
09 August 2024
Indian healthcare provider drops bid to thwart sale of hospital network
A Mumbai healthcare provider has discontinued an ad hoc arbitration in which it had sought to block the sale of a hospital network to a rival US bidder – after failing to secure interim relief.
20 May 2024
AstraZeneca seeks set aside of post-M&A award in Germany
AstraZeneca has applied to a German court to set aside a US$46.4 million German Arbitration Institute (DIS) award over milestone payments for its purchase of a cancer diagnostics start-up.
26 April 2024
Walgreens challenges billion-dollar award over covid tests
US pharmacy chain Walgreens has challenged a US$988 million award in a dispute over covid-19 testing – alleging the sole arbitrator exceeded his authority and was biased because of a “devastating family tragedy”.
27 March 2024
US healthcare group wins damages in Indian M&A dispute
A US digital health services provider has won an ICC award worth over US$110 million against the sellers of an Indian healthcare business over their refusal to relinquish control of the company after the sale.
26 March 2024