litigation
confidence high
sentiment positive
materiality 0.65
Axsome and Sandoz dismiss Sunosi patent litigation; Sandoz withdraws generic ANDA
Axsome Therapeutics, Inc.
- Sandoz withdrew its ANDA for a generic equivalent of Sunosi (solriamfetol), leading to dismissal of patent litigation without prejudice.
- Litigation was pending in U.S. District Court for the District of New Jersey.
- Dismissal removes a potential near-term generic threat to Sunosi, Axsome's CNS product.