litigation
confidence high
sentiment positive
materiality 0.75
Axsome settles all SUNOSI patent litigation; generic entry deferred to 2040
Axsome Therapeutics, Inc.
- Resolved all outstanding SUNOSI patent litigation with the last first-to-file generic applicant.
- Settlement grants five companies right to sell generic SUNOSI starting September 1, 2040 (if pediatric exclusivity) or March 1, 2040.
- No other patent litigation remains for SUNOSI.
- Settlement will be submitted to FTC and DOJ for review as required by law.
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