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November 6, 2007
WASHINGTON, DC, November 6, 2007 — Covington & Burling LLP has won a favorable arbitration ruling for GPC Biotech AG in its dispute with Spectrum Pharmaceuticals, Inc. Yesterday, a three-arbitrator panel of the American Arbitration Association unanimously rejected all of Spectrum’s claims against GPC Biotech under their co-development and license agreement for satraplatin, a compound that has shown promise in the treatment of various cancers. GPC Biotech, is a publicly traded biopharmaceutical company headquartered in Germany. The Covington team was led by partners Tony Herman and Ed Rippey, with assistance from Ben Razi, Emily Porter, and Ted Metzler. All are based in the firm’s Washington office. For more information on the ruling, please visit GPC Biotech’s website.