ACADIA Pharmaceuticals shares are trading higher after the company was granted summary judgment by the U.S. District Court for the District of Delaware in NUPLAZID patent litigation.
Portfolio Pulse from Benzinga Newsdesk
ACADIA Pharmaceuticals Inc. shares are up following a favorable ruling from the U.S. District Court for the District of Delaware, which granted the company summary judgment in its NUPLAZID patent litigation.
December 13, 2023 | 7:12 pm
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POSITIVE IMPACT
ACADIA Pharmaceuticals Inc. received a positive legal outcome that may protect its NUPLAZID product from generic competition, potentially securing future revenues.
The summary judgment in favor of ACADIA Pharmaceuticals protects its NUPLAZID patent, likely preventing generic competition and safeguarding its market exclusivity. This legal win is significant as it ensures the company can continue to generate revenue from NUPLAZID without the immediate threat of generics. This is expected to be viewed positively by investors, leading to a potential short-term increase in ACAD's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100