litigation
confidence high
sentiment positive
materiality 0.75
Fennec settles PEDMARK patent litigation; Cipla barred from generic until 2033
FENNEC PHARMACEUTICALS INC.
- Lawsuit dismissed; each party bears its own costs.
- Cipla agrees not to launch generic sodium thiosulfate in U.S. until September 1, 2033, subject to earlier entry under specified circumstances.
- Settlement covers Cipla's ANDA for generic PEDMARK, resolving litigation in D.N.J.
- Press release issued March 16, 2026 announcing the agreement.