litigation
confidence high
sentiment neutral
materiality 0.55
Xeris Biopharma sues Torrent, Somerset over Recorlev patent infringement
Xeris Biopharma Holdings, Inc.
- Filed Hatch-Waxman lawsuit against Torrent Pharmaceuticals and Somerset Therapeutics over ANDA for generic Recorlev.
- Lawsuit alleges infringement of four Orange Book patents expiring March 2040 (U.S. Patent Nos. 11,020,393, 11,278,547, 11,903,940, 12,377,096).
- Seeks injunction to block generic competition until patent expiry in March 2040.
- Recorlev also benefits from Orphan Drug Exclusivity through December 2028.
- CEO John P. Shannon cites confidence in IP and intention to vigorously defend.