litigation
confidence high
sentiment negative
materiality 0.75
Rigel receives Paragraph IV notice from Annora for generic TAVALISSE; intends to defend patents
RIGEL PHARMACEUTICALS INC
- Annora Pharma filed ANDA with FDA for generic fostamatinib tablets (100mg and 150mg base).
- Notice letter includes Paragraph IV certifications alleging Rigel's TAVALISSE patents are invalid or not infringed.
- Rigel states it will vigorously enforce its intellectual property rights related to TAVALISSE.
- TAVALISSE is Rigel's sole approved product; generic entry would materially impact revenue.