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While once Aradigm was doing much of the development work, all of that eventually went to Novo Nordisk. In July of last year, Aradigm traded one of its royalty percentage points for $8 million, bringing its revenues on the drug down from 6% to 5%.Novo Nordisk also paid $12 million for patents on the drug (Aradigm kept the patents for non glucose related disorders), and Aradigm received a $7.5 million loan that is secured entirely by eventual royalties from AERx iDMS. After Novo Nordisk took over the patents, it soon filed suit against Pfizer and Nektar, saying that Exubera violated its patent rights.Aradigm will receive one third of any settlement (minus legal costs), should Novo Nordisk prevail in this matter.

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