litigation
confidence high
sentiment neutral
materiality 0.70
Puma partially dismissed as plaintiff in Tagrisso patent suit; trial set May 13
PUMA BIOTECHNOLOGY, INC.
- Court denied AstraZeneca's motions for patent invalidity and summary judgment of non-infringement.
- AstraZeneca's motion to dismiss Puma as plaintiff granted on standing grounds; Puma remains counterclaim-defendant.
- Puma retains contractual rights under Pfizer license to seek monetary damages in the case.
- Jury trial scheduled for May 13, 2024 in Delaware federal court.
- Suit alleges Tagrisso infringes patents licensed exclusively to Puma; Wyeth continues as co-plaintiff.