Actelion Says Court Backs Actelion Request for Asahi Reduction

Actelion Ltd. said that a court has granted Actelion’s motion for a new trial on compensatory damages unless Asahi Kasei consents to a reduction of the jury award by a further 99.2 million dollars.

If Asahi accepts the proposal - and when combined with the court’s July 2011 reduction of $70.35 million - the court’s final award would be $407.3 million including punitive damages of $30 million against certain individual officers of the company.

Actelion is confident that there are significant grounds for a successful appeal, it said.