Acura Pharma +12% AH on Oxecta patent litigation settlement

Acura Pharmaceuticals (ACUR) +11.8% AH after announcing a settlement of patent litigation with Par Pharmaceutical (PRX) and Impax Labs (IPXL) over the pain drug Oxecta.

According to the terms, PRX may launch its generic Oxecta product in the U.S., through the grant of a non-exclusive license which requires it to pay ACUR royalties in the range of 10%-15% of PRX's net profits from the sale.

IPXL may launch its generic Oxecta product in the U.S. through the grant of a non-exclusive, royalty-free license.

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