litigation
confidence high
sentiment negative
materiality 0.90
HCMC loses patent appeal; infringement case against Philip Morris at risk of dismissal
Healthier Choices Management Corp.
- On Nov 22, 2024, Federal Circuit denied HCMC's appeal of PTAB ruling that its patent is unpatentable.
- The patent was the basis of HCMC's infringement action against Philip Morris USA and Philip Morris Products S.A.
- HCMC may seek rehearing by the panel or full court; if not, the district court case must be dismissed.
- Financial impact not disclosed; HCMC is evaluating options.