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Fly News Breaks for March 10, 2017
ACOR
Mar 10, 2017 | 07:54 EDT
Leerink analyst Paul Matteis notes the USPTO upheld all four of Acorda Therapeutics' 2025-2027 Ampyra patents in an IPR challenge brought by Kyle Bass. While this puts the company incrementally closer to protecting its Ampyra IP, the analyst sees the upcoming district court decision as a bigger risk to the Ampyra franchise. Moreover, Matteis does not see much readthrough from the IPR to district court and believes they are fundamentally different events. He reiterates a Market Perform on the shares.
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