CPRX Stock Rises 17% on Settling Firdapse Patent Litigation With Teva
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Catalyst Pharmaceuticals (CPRX) stock surged 17% after settling a patent litigation with Teva Pharmaceuticals, ensuring the exclusivity of its drug Firdapse in the U.S. until February 25, 2035.
January 09, 2025 | 4:15 pm
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Catalyst Pharmaceuticals' stock rose 17% following the settlement of a patent litigation with Teva Pharmaceuticals. This settlement secures the exclusivity of Catalyst's drug Firdapse in the U.S. until February 25, 2035.
The settlement of the patent litigation with Teva is a significant legal victory for Catalyst Pharmaceuticals, ensuring the exclusivity of its key drug Firdapse in the U.S. market for over a decade. This legal protection is likely to positively impact the company's revenue and market position, leading to a 17% increase in stock price.
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