European Patent Office Rules In Favor Of Exelixis On Formulation Patent Covering CABOMETYX Tablets
Portfolio Pulse from Benzinga Newsdesk
The European Patent Office has ruled in favor of Exelixis regarding a formulation patent for CABOMETYX tablets, which could strengthen the company's intellectual property position in Europe.
January 18, 2024 | 9:11 pm
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Exelixis's win at the European Patent Office for the CABOMETYX tablets formulation patent may positively impact investor confidence and strengthen its market exclusivity in Europe.
The favorable ruling from the European Patent Office is a significant legal victory for Exelixis, likely to enhance its competitive edge by securing its formulation patent. This could lead to sustained revenue from CABOMETYX in the European market, positively influencing the stock price in the short term as it reassures investors about the company's ability to protect its intellectual property and maintain market exclusivity.
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