You are right browndog. Both Mylan and Phosphagenics have agreed to the arbitration process. As such they have agreed to this process. The benefits of which are the following:
Column 1 Column 2 0 Arbitration is a less formal process than court litigation, and it is conducted in private, away from the glare of the media and the public. Parties to the arbitration, as well as arbitrators, are generally obliged to maintain the confidentiality of all matters relating to the arbitration proceedings and the arbitration award. 1 Parties are free to appoint their own arbitrators, engage their preferred counsel and choose the procedures and rules for the conduct of an arbitration. 2 • Parties are generally assured of finality once the arbitration award is issued as there are limited avenues for appeal against an arbitration award. 3 • The arbitration process can be more cost-effective and efficient than court litigation.
You notice there is "limited avenues for appeal." If Mylan didn't want to go down this line they didn't have to.
The false claims that continually appear here that if Mylan lose they will go to appeal is not as simple as made out. The arbitration process doesn't allow for any easy appeal process.
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