In Brief: J&J v. Millenson
This article was originally published in The Gray Sheet
Executive Summary
J&J v. Millenson: Arbitrator determines Johnson & Johnson's premarket submission in France violated a milestone payment agreement in former Direct Access Diagnostic President and CEO Elliot Millenson's contract. As a result of the decision, J&J agrees to pay Millenson $500,000 for his role in developing the Confide home HIV test system. Millenson and J&J also are involved in ongoing litigation in New Jersey Superior Court over ownership of DAD ("The Gray Sheet" Aug. 5, p. 10). A court date to determine whether J&J will have to relinquish all DAD assets to Millenson has been set for Oct. 16...