ITCI Stock Rises 15% on Settling Caplyta Patent Litigation With Sandoz
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Intra-Cellular Therapies (ITCI) stock surged 15% following the settlement of a patent litigation with Sandoz, ensuring the exclusivity of its drug Caplyta in the U.S. until July 1, 2040.
January 13, 2025 | 6:00 pm
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Intra-Cellular Therapies' stock increased by 15% due to a favorable settlement in its patent litigation with Sandoz, which protects the exclusivity of its drug Caplyta in the U.S. until 2040.
The settlement of the patent litigation with Sandoz is a significant legal victory for Intra-Cellular Therapies, as it ensures the exclusivity of its key drug Caplyta in the U.S. market until 2040. This legal protection is likely to positively impact the company's revenue and market position, leading to a 15% increase in its stock price.
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