Axsome shares jump as settlement will keep Teva's Auvelity generic off the market until 2038

Shares of Axsome Therapeutics jumped by more than 20% after the company resolved a patent infringement lawsuit against Teva Pharmaceuticals. The settlement will keep Teva's generic version of Axsome's major depressive disorder drug Auvelity off the market until at least 2038.

Feb 10, 2025 - 17:35
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Axsome shares jump as settlement will keep Teva's Auvelity generic off the market until 2038
Shares of Axsome Therapeutics jumped by more than 20% after the company resolved a patent infringement lawsuit against Teva Pharmaceuticals. The settlement will keep Teva's generic version of Axsome's major depressive disorder drug Auvelity off the market until at least 2038.