Pacira BioSciences shares are trading lower after the U.S. District Court for the District of New Jersey found that Patent No. 11,033,495 is not valid. CEO Frank D. Lee stated that the company is considering its legal options, including pursuing an appellate review at the U.S. Court of Appeals for the Federal Circuit if warranted.
Portfolio Pulse from Benzinga Newsdesk
Pacira BioSciences shares are trading lower after a U.S. District Court invalidated Patent No. 11,033,495. The company is considering legal options, including an appeal.
August 09, 2024 | 7:25 pm
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Pacira BioSciences shares are trading lower after the U.S. District Court invalidated Patent No. 11,033,495. The company is considering legal options, including an appeal.
The invalidation of a key patent can significantly impact Pacira BioSciences' market position and future revenue streams. The company's consideration of an appeal introduces uncertainty, which is likely contributing to the stock's decline.
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IMPORTANCE 80
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