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Court Tosses Tercica Suit Against Insmed
Tuesday June 13, 9:17 am ET
U.S. Court Dismisses Tercica Lawsuit Against Insmed Alleging False Advertising
RICHMOND, Va. (AP) -- Insmed Inc. on Tuesday said a federal court dismissed a lawsuit by Tercica Inc. charging Insmed with false advertising related to its Iplex drug candidate to treat a growth hormone disorder.
Insmed said it plans to seek fees and costs related to the biotechnology company's lawsuit.
The U.S. District Court for the Northern District of California dismissed the biotechnology company's the claims against Insmed.
Shares of Insmed jumped 14 cents, or 9.9 percent, to $1.55 in premarket activity.