Legal Opinion
Abbott Laboratories v. Takeda Pharmaceutical Company Limited
Court of Appeals for the Seventh Circuit
Decided February 2, 2007No. 06-1835PublishedCited by 82 opinions
1Opinion of the Court
POSNER, Circuit Judge.
In 1977, Abbott Laboratories and the Japanese pharmaceuticals manufacturer Takeda formed a 50-50 joint venture, Takeda-Abbott Products, to engage in pharmaceutical research and development. In 1985 the parties converted it into a Delaware corporation, TAP Pharmaceuticals, which they continued to own equally; each of the joint venturers was therefore entitled to choose half the members of TAP’s board of directors. The 1985 agreement also expanded the scope of the joint venture to include the distribution of pharmaceuticals. In that regard the agreement provided that both…
2Cases cited25 opinions
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- John Wyeth & Brother Limited v. Cigna International CorporationCourt of Appeals for the Third Circuit · 1997
- Ruth Panter v. Marshall Field & Co., Richard Weiss v. Marshall Field & Co.Court of Appeals for the Seventh Circuit · 1981
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3Cited by82 opinions
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