Valorem Research - Legal Special Situations

Valorem Research - Legal Special Situations

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Valorem Research - Legal Special Situations
Valorem Research - Legal Special Situations
LQDA v. UTHR Victory Lap
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LQDA v. UTHR Victory Lap

+ thoughts on the current price action and near term catalysts

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Valorem Legal Research
Dec 21, 2023
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Valorem Research - Legal Special Situations
Valorem Research - Legal Special Situations
LQDA v. UTHR Victory Lap
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Santa Claus came to town a little early this year, with the Federal Circuit handing down a victory for Liquidia in UTHR’s appeal of the ’793 invalidity decision at the PTAB. The decision was unanimous, meaning even the seemingly skeptical Judge Reyna came around to Liquidia’s case.

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I won’t talk about the decision itself, as it’s largely a recitation of the standards followed by a short statement that the PTAB decision met the requisite standard, but I do want to take a moment to talk through price action yesterday and what I expect might happen over the next 6-12 months.

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