SEVERE THUNDERSTORM WATCH

Until 10 PM

The National Weather Service in Grand Rapids and northern Indiana issues a SEVERE THUNDERSTORM WATCH for Van Buren, Kalamazoo, Calhoun, Berrien, Cass, St. Joe, and Branch counties until 10 PM.  Damaging wind gusts of 60 mph or greater are the primary concern.  Large hail of 1" in diameter or larger is a close second.  We'll be tracking storm development with Live Doppler Radar throughout your afternoon and evening.  Storm motion is easterly at 30 to 50 mph.  Stay with wwmt.com for the latest weather information!

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Pfizer settles Protonix patent case for $2.15B

Updated: Wednesday, June 12, 2013 |
Pfizer settles Protonix patent case for $2.15B story image
NEW YORK (AP) - Pfizer says it has reached a $2.15 billion settlement with a couple of generic drugmakers over sales of their versions of the heartburn drug Protonix.
   
The world's second-largest drugmaker says Teva Pharmaceutical Industries will pay $1.6 billion to Pfizer and Japanese drugmaker Takeda Pharmaceutical.
   
Another generic drugmaker, Sun Pharmaceutical Industries, will pay $550 million.
   
Teva is one of the world's largest generic drugmakers. It started selling its generic version of Protonix in December 2007. Sun launched its own version in early 2008. The drug's U.S. patent expired in 2011.
   
Drugmaker Nycomed developed Protonix before the company was purchased by Takeda. Nycomed licensed Protonix to Wyeth, which Pfizer has since purchased.
   
Pfizer says it will receive 64 percent of the settlement proceeds.
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