Fresenius Kabi Braced For ‘Pyrrhic Victory’ In Akorn Damages Lawsuit

As COVID-19 Takes A Bite Out Of Profit

Fresenius Kabi says a decision on damages stemming from its aborted takeover of troubled Akorn is expected imminently, but has underlined it will not reap enormous riches with a victory. Meanwhile, the German firm has just initiated Phase III trials for a key biosimilar candidate.

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A decision on damages is expected imminently, Fresenius Kabi says • Source: Shutterstock

“So be it,” Fresenius Kabi says, if it wins a ‘Pyrrhic victory’ in its US lawsuit for damages against Akorn over the German firm’s $4.75bn terminated merger agreement.

Addressing investors during the Fresenius group’s first-quarter earnings call, group CEO Stephan Sturm revealed that Kabi anticipated a decision in...

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