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31 Jan 2011

Viral Genetics Settles Lawsuit for HIV/AIDS Products

Viral Genetics said Friday that the company reached a Release and Settlement Agreement to end the distribution management agreement with Timothy and Thomas LLC.

California-based biotech firm Viral Genetics, Inc. and its President, Haig Keledjian, have signed a binding Release and Settlement Agreement with Timothy and Thomas LLC ("T&T") and its principals (the "Settlement") that was approved by the court. The Settlement ends the almost 5-year-old lawsuit between the parties originally initiated in March 2006, dismissing all claims without admission of liability by any party.


"We are pleased to put this arduous and time-consuming process behind us as we are now completely free to focus on the development of our drug candidates and our new VG Energy subsidiary," said Haig K

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