Medexus Pharmaceuticals (TSE:MDP) has released an update.
Medexus Pharmaceuticals has announced that it will not appeal the Federal Court’s decision that invalidated the Canadian patent for its drug Metoject®, with company executives expressing confidence that the ruling will not significantly affect their business operations or strategy. The company had been in litigation since August 2020 following the launch of a generic version of the drug. Despite the setback, the leadership at Medexus is optimistic about moving past the litigation and focusing on growing their specialty pharmaceutical business in North America.
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