#Eli_Lilly Raises Stakes: Says Canada Now Owes It $500 Million For Not Granting A #Patent It Wanted
▻https://www.techdirt.com/articles/20130723/05101823898/eli-lilly-decides-it-was-not-greedy-enough-now-suing-canada-500-million.sh
A few months ago we wrote about the extraordinary — and worrying — case of Eli Lilly suing Canada after the latter had refused to grant a pharma patent. Eli Lilly’s contention was that by failing to grant its patent (even if it didn’t meet the criteria for a patent in Canada), Canada had “expropriated” Eli Lilly’s property — and that it should be paid $100 million as “compensation”.
But it seems that the company has had second thoughts. Not that its action was outrageous, and that it ought quietly to retract its suit in the hope that people might just forget about this display of presumption; instead, it has decided it was far too generous in asking for only $100 million, as this Globe and Mail story explains: