Exelixis shares are trading higher after the company announced it won a patent infringement case against MSN Labs for cabometyx malate salt patents.
Portfolio Pulse from Benzinga Newsdesk
Exelixis shares rose following a legal victory in a patent infringement case against MSN Labs concerning cabometyx malate salt patents.
October 15, 2024 | 3:37 pm
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Exelixis shares increased after the company successfully defended its cabometyx malate salt patents in a legal case against MSN Labs.
The legal victory secures Exelixis's intellectual property rights over cabometyx malate salt, potentially protecting its market share and revenue from this product. This positive legal outcome is likely to boost investor confidence, leading to a short-term increase in stock price.
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IMPORTANCE 80
RELEVANCE 100