Exelixis Settles With Cipla To Resolve Two Patent Litigation; Grants Cipla License To Market Generic Versions Of CABOMETYX On Jan 1, 2031 If Approved By FDA And Subject To Conditions; Parties Terminate All Hatch-Waxman Litigation Regarding CABOMETYX
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Exelixis has settled its patent litigation with Cipla, granting Cipla a license to market generic versions of CABOMETYX starting January 1, 2031, pending FDA approval and other conditions. All Hatch-Waxman litigation regarding CABOMETYX has been terminated.
May 20, 2024 | 12:17 pm
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Exelixis has resolved its patent litigation with Cipla, allowing Cipla to market generic versions of CABOMETYX starting January 1, 2031, if approved by the FDA. This settlement terminates all Hatch-Waxman litigation regarding CABOMETYX.
The settlement removes legal uncertainties and potential costs associated with ongoing litigation, which is positive for Exelixis. However, the introduction of a generic version in 2031 could impact long-term revenue from CABOMETYX.
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