A case involving the University of Iowa and UI Pharmaceuticals as plaintiffs and Callisto and Synergy Pharmaceuticals as defendants was dismissed Tuesday.
Iowa Assistant Attorney General Jordan Esbrook said she asked that the case be dismissed because a settlement had been reached, with the defendants agreeing to pay around $90,000 within a week.
She said Callisto and Synergy do not plan to appeal the ruling.
The plaintiffs originally requested a default judgment in January because the defendants failed to answer the petition within the required time frame.
The request was denied without prejudice until a default was entered and supporting affidavits submitted, in compliance with the Iowa Rule of Civil Procedure 1.972 regarding default judgment.
— by Beth Bratsos