Arcutis rises after halting patent dispute with Padagis
ReutersApr 2, 2025 5:58 PM
Shares of drugmaker Arcutis Biotherapeutics ARQT.O rise 12.9% to $16.91
Co says it has agreed to temporarily pause a patent lawsuit with Israel-based Padagis regarding the latter attempting to produce a generic version of ARQT's Zoryve
Zoryve is used to treat skin disorders including plaque psoriasis, seborrheic dermatitis and atopic dermatitis
As part of the agreement, Padagis will keep Arcutis updated on any communication with the FDA about their generic version of Zoryve
The patent for Zoryve is protected until at least 2037
Including session's moves, ARQT stock up 19.4% YTD
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