Axsome settles Auvelity patent litigation with Teva, delaying a generic launch until 2038. Analysts see growth potential with Symbravo's migraine approval.
Shares in the brain drug developer rose by more than 20% Monday on news of the deal, which will forestall Teva's generic copy of Auvelity from entering the U.S. market until at least 2038.
The settlement agreement resolves all outstanding patent litigation relating to AUVELITY.
Beacon's recent filings indicate no viable third-party alternative to QXO's premium offer. Beacon's 14D-9 filing has not disclosed any competing offers, or even a single NDA being signed.
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