REGENXBIO shares are trading lower after the U.S. District Court issued a decision for the company's and the University of Pennsylvania's NAV Technology Platform patent infringement lawsuit.
Portfolio Pulse from Benzinga Newsdesk
REGENXBIO's stock price has declined following a U.S. District Court decision against the company in a patent infringement lawsuit concerning its NAV Technology Platform, which was co-developed with the University of Pennsylvania.
January 08, 2024 | 5:20 pm
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REGENXBIO's shares are expected to face downward pressure in the short term due to the negative outcome of the patent infringement lawsuit regarding its NAV Technology Platform.
The court's decision against REGENXBIO in the patent infringement case is a significant legal setback that could affect the company's intellectual property rights and future revenue potential. This negative news is likely to undermine investor confidence and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100