💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

USPTO denies Concert Pharma's challenge to Incyte patent

Published 01/12/2018, 07:11 AM
© Reuters.  USPTO denies Concert Pharma's challenge to Incyte patent
INCY
-
CNCE
-
  • The USPTO's Patent Trial and Appeal Board (PTAB) has rejected Concert Pharmaceuticals' (NASDAQ:CNCE) petition challenging the validity of Incyte Pharmaceuticals' (NASDAQ:INCY) U.S. Patent No. 9,662,335 covering deuterated ruxolitinib analogs.
  • CEO Roger Tung says, “We are disappointed that the PTAB has denied our petition on the ’335 patent. This decision does not prohibit us from challenging the validity of the patent at a later time in federal court, and we will continue with our plans to develop CTP-543 for alopecia areata. We don’t expect any disruption to our clinical timelines. We remain committed to developing the first FDA-approved treatment for alopecia areata; however, we are reassessing whether to expand CTP-543 into additional indications.”
  • Now read: Incyte (INCY) Presents At 36th Annual J.P. Morgan Healthcare Conference - Slideshow


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.