Vanda Pharmaceuticals shares are trading higher after the US Supreme Court reportedly declined to hear the company's case regarding the invalidation of patents for Hetlioz.
Portfolio Pulse from Benzinga Newsdesk
Vanda Pharmaceuticals' shares increased in value following the US Supreme Court's decision not to hear the company's case on the invalidation of patents for Hetlioz.

April 22, 2024 | 4:12 pm
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Vanda Pharmaceuticals' stock price has risen following the Supreme Court's decision not to hear its patent case for Hetlioz.
The Supreme Court's decision not to hear Vanda Pharmaceuticals' case regarding the invalidation of patents for Hetlioz removes a layer of legal uncertainty for the company. This decision is perceived positively by the market, as it potentially safeguards Vanda's exclusive rights to Hetlioz, contributing to a rise in the company's stock price.
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IMPORTANCE 90
RELEVANCE 100