Navigation Links
PSKW Expands Its Lawsuit Against McKesson to Seek Assignment of McKesson's Patent Application
Date:9/1/2008

EDISON, N.J., Sept. 1 /PRNewswire/ -- PSKW, LLC, a New Jersey-based leading provider of prescription co-pay programs for the pharmaceutical industry, announced today that it has significantly expanded the scope of the lawsuit that it commenced last year in the Supreme Court of the State of New York, County of New York, against McKesson Specialty Arizona Inc. ("McKesson"), a wholly-owned subsidiary of McKesson Corporation. PSKW is now seeking, in addition to monetary damages, the assignment to PSKW of all right, title and interest in any McKesson patent applications or issued patents that incorporate, refer to or relate to, confidential and proprietary information and ideas that PSKW alleges McKesson misappropriated from PSKW's predecessor in interest, Touch Tone Media, Inc. ("Touch Tone")

According to PSKW President Robert Previdi (who was previously President of Touch Tone), "Our company works with major pharmaceutical companies, providing proprietary marketing concepts and technology that enables insured prescription patients to obtain their medications with little or no co-pay costs. The programs are sponsored by the pharmaceutical companies as a way to help people. Physicians play an important role in the program by providing these co-pay savings cards to their patients at the time they write out the prescriptions."

The lawsuit alleges that McKesson, in secret and without informing Touch Tone, used Touch Tone's trade secrets and other confidential and proprietary information that it had received from Touch Tone in confidence under a nondisclosure agreement in connection with a contemplated collaboration between the two companies, in order to set up its own competing co-pay offset program, in violation of the nondisclosure agreement and other legal rights of Touch Tone, and now of PSKW.

PSKW initially sought monetary damages and other forms of legal relief. Subsequent to the filing of its complaint, PSKW learned that McKesson had filed a patent application that incorporates, discloses and claims ownership over some of the trade secrets and other confidential and proprietary information relating to co-pay offset programs and methods that Touch Tone had disclosed to McKesson in confidence. Accordingly, PSKW sought, and obtained from the court, leave to amend its complaint to seek an order requiring McKesson to assign to PSKW all right, title and interest in any McKesson patent applications or issued patents in the United States or any foreign country that incorporate, refer to or relate to, Touch Tone's, confidential and proprietary information and ideas.

"While PSKW has successfully launched many of its LoyaltyRx co-pay offset programs with great success for our pharmaceutical company clients, the amount of business we have lost as a direct result of McKesson's actions is significant," claims Previdi. In addition to the assignment of McKesson's patent rights, PSKW is seeking to recover its monetary damages, which PSKW states it reasonably believes to be in excess of $100 million.


'/>"/>
SOURCE PSKW, LLC
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. ATS Medical Expands Open Pivot Heart Valve Offerings
2. SAFC Expands Hi-Potency API Manufacturing and Introduces Solid-Form Testing at Its Madison Facility
3. BioLife Solutions Expands Scientific Advisory Board
4. Elekta To Showcase Innovations in Radiotherapy and Unveil New Product That Expands Cancer Treatment Availability
5. SAFC Expands European Commercial Manufacturing and Storage Capacities With $10 Million Investment
6. Pharsight Expands Strategic Consulting Services Team
7. Validus Pharmaceuticals Expands Product Portfolio with Acquisition of Bipolar Drug: Equetro(R)
8. Serica Technologies Expands Facilities in Massachusetts, Combines State-Of-The-Art Textile Engineering and Biomedical Manufacturing
9. AQUISS Expands Into Significant New Territory
10. NanoBio Expands Drug Development Team for Its Anti-Infective Products
11. BitWine (TM) Nutrition Advisors Network Expands Roster of Licensed Dietitians and Nutritionists
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... -- The Biodesign Challenge (BDC), a university competition that asks ... systems and biotechnology, announced its winning teams at the ... York City . The teams, chosen ... MoMA,s Celeste Bartos Theater during the daylong summit. Keynote ... of architecture and design, and Suzanne Lee , ...
(Date:6/23/2016)... ... 23, 2016 , ... STACS DNA Inc., the sample tracking software company, today ... Laboratory, has joined STACS DNA as a Field Application Specialist. , “I am ... and COO of STACS DNA. “In further expanding our capacity as a scientific integrator, ...
(Date:6/23/2016)... Calif. , June 23, 2016  Blueprint Bio, ... biological discoveries to the medical community, has closed its ... Matthew Nunez . "We have received ... with the capital we need to meet our current ... essentially provide us the runway to complete validation on ...
(Date:6/23/2016)... San Francisco, CA (PRWEB) , ... June 23, ... ... capture (EDC) software, is exhibiting at the Pennsylvania Convention Center and will showcase ... DIA Annual conference. ClinCapture will also be presenting a scientific poster on Disrupting ...
Breaking Biology Technology:
(Date:5/16/2016)... YORK , May 16, 2016   EyeLock ... solutions, today announced the opening of an IoT Center ... to strengthen and expand the development of embedded iris ... an unprecedented level of convenience and security with unmatched ... authenticate one,s identity aside from DNA. EyeLock,s platform uses ...
(Date:4/28/2016)... 28, 2016 First quarter 2016:   ... compared with the first quarter of 2015 The gross ... M (loss: 18.8) and the operating margin was 40% (-13) ... Cash flow from operations was SEK 249.9 M (21.2) , ... is unchanged, SEK 7,000-8,500 M. The operating margin for ...
(Date:4/15/2016)... DUBLIN , April 15, 2016 ... of the,  "Global Gait Biometrics Market 2016-2020,"  report ... http://photos.prnewswire.com/prnh/20160330/349511LOGO ) , ,The global gait ... CAGR of 13.98% during the period 2016-2020. ... movement angles, which can be used to compute ...
Breaking Biology News(10 mins):