Regions :: Western Europe :: Austria
Monsanto Seeks $100 Million in Damages from Novartis
2:05 PM MDT | August 20, 2007 | Chemical Week Editorial Staff
Monsanto says it has filed an arbitration claim against Novartis subsidiary Sandoz (Vienna) with the International Chamber of Commerce (Paris) over “quality assurance failures” at Sandoz’s Kundl, Austria pharmaceutical facility. Monsanto sources Posilac, an animal pharmaceutical supplement, from this facility. Monsanto says it is seeking $100 million in damages to compensate for “significant financial injury” resulting from supply disruptions to Monsanto customers that occurred while Sandoz was bringing its plant up to U.S. FDA...
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