Pfizer spinoff sues Raleigh biotech over patents

A Pfizer spinoff is suing a Raleigh biotechnology firm and its founder over intellectual property rights. New Jersey-based Zoetis is suing Raleigh-based Applied LifeSciences& Systems and its founder, Ramin Karimpour, claiming that Zoetis — not Karimpour — should have the rights to the livestock technology being developed by the startup. Zoetis, an animal health company, spun out of Pfizer (NYSE: PFE) in 2013. The firm develops health products for pets and livestock, from vaccinations to medicines…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news