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IN THE MATTER OF PHARMACIA & UPJOHN COMPANY

10 A.D.3d 331 (2004)

781 N.Y.S.2d 95

In the Matter of the Arbitration between PHARMACIA & UPJOHN COMPANY et al., Respondents, and ELAN PHARMACEUTICALS, INC., et al., Appellants.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided August 26, 2004.

In July 2000, petitioner Pharmacia & Upjohn Company and respondent Neuralab Limited entered into a collaboration agreement to combine on an equal basis the parties' resources and efforts in beta secretase research and to find and develop a cure for Alzheimer's disease. Elan Pharmaceuticals became subject to the agreement by assignment from Neuralab of certain rights thereunder. The goal of the collaboration agreement was to locate an inhibitor to block the action of the...

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