Diag Human is a
Liechtenstein
Liechtenstein (, ; ; ), officially the Principality of Liechtenstein ( ), is a Landlocked country#Doubly landlocked, doubly landlocked Swiss Standard German, German-speaking microstate in the Central European Alps, between Austria in the east ...
-incorporated
blood plasma
Blood plasma is a light Amber (color), amber-colored liquid component of blood in which blood cells are absent, but which contains Blood protein, proteins and other constituents of whole blood in Suspension (chemistry), suspension. It makes up ...
trading company, established by
Swiss
Swiss most commonly refers to:
* the adjectival form of Switzerland
* Swiss people
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* Swiss Café, an old café located ...
-
Czech
Czech may refer to:
* Anything from or related to the Czech Republic, a country in Europe
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entrepreneur Josef Šťáva (born 17 March 1950 in
Prague
Prague ( ; ) is the capital and List of cities and towns in the Czech Republic, largest city of the Czech Republic and the historical capital of Bohemia. Prague, located on the Vltava River, has a population of about 1.4 million, while its P ...
) in the 1980s.
The stated aim of the company was to help "currency-deficient Eastern Bloc states acquire modern blood plasma technology".
Lawsuit against the Czech government
The company received media attention in the 1996, when it filed a lawsuit against the
Czech government
Czech may refer to:
* Anything from or related to the Czech Republic, a country in Europe
** Czech language
** Czechs, the people of the area
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* One of three mythical brothers, Lech, Czech, and Rus
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in Prague Commercial Court, for defamation and unfair competition. The company claimed that the Health Minister had contacted
Novo Nordisk
Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, with production facilities in nine countries and affiliates or offices in five. Novo Nordisk is controlled by majority shareholder Novo Holdings A/S ...
, a major business partner of Diag Human, to dissuade the company from doing business with them, which led to the failure of Diag Human's business in the country.
The two parties agreed to enter arbitration,
and the case became one of the largest cases of commercial litigation in the history of Czech Republic.
In 2008, the court found in favour of Diag Human, awarding around $650 million to the company.
References
Biotechnology companies of Liechtenstein
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