Pacira BioSciences Announces The U.S. District Court For The District Of New Jersey Has Found That Patent No. 11,033,495 Is Not Valid; CEO Frank D. Lee Says "In Light Of The Court's Decision, We Are Considering Our Legal Options, Which Include Pursuing An Appellate Review At The U.s. Court Of Appeals For The Federal Court As Warranted."
Portfolio Pulse from Benzinga Newsdesk
Pacira BioSciences (NASDAQ:PCRX) announced that the U.S. District Court for the District of New Jersey has found its U.S. Patent No. 11,033,495 invalid. The company is considering legal options, including an appeal. CEO Frank D. Lee emphasized the strength of their intellectual property portfolio and ongoing infringement suits.
August 09, 2024 | 7:23 pm
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Pacira BioSciences faces a legal setback as the U.S. District Court invalidates its patent. The company is considering an appeal, and CEO Frank D. Lee remains confident in their IP portfolio and ongoing infringement suits.
The invalidation of a key patent is a significant legal setback for Pacira BioSciences, which could negatively impact investor sentiment and the stock price in the short term. However, the company's consideration of an appeal and confidence in their IP portfolio may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100