May 29, 2017 / 12:22 AM / 3 months ago

BRIEF-Phosphagenics updates on arbitration with Mylan Laboratories

May 29 (Reuters) - Phosphagenics Ltd:

* On 26 May Co filed its expert reports in arbitration with Mylan Laboratories which include independent expert assessment of damages claimed

* May also consider settlement discussions with Mylan, which would take into account various commercial considerations and risks to Co

* Contends in arbitration that Mylan is liable to it as a consequence of matters arising out of or connected with two agreements

* If phosphagenics is to succeed on all aspects of all claims, maximum total damages assessed by phosphagenics' independent experts is about US$300.4mln Source text for Eikon: Further company coverage:

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