Shares of Swedish pharma firm Orexo (STO: ORX) leapt 20.2% to 20.60 kronor this morning, following its announcement over the weekend that is has reached a settlement agreement with India’s Sun Pharmaceutical Industries (BSE: 524715)to resolve the patent litigation regarding Zubsolv (buprenorphine and naloxone) sublingual tablet (CIII), for the treatment of opioid use disorder in the USA.
The agreement resolves the patent litigation commenced in 2020 by Orexo following Sun’s filing of an Abbreviated New Drug Application (ANDA) seeking approval to market generic versions of Zubsolv in the US prior to the expiration of Orexo’s patents listed in FDA’s Orange Book for Zubsolv.
Orexo posted sales of 131 million kroner ($11 million) for Zubsolv in the USA in the third quarter of this year.
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