TESARO update on AnaptysBio Inc. litigation

Summary by AI BETAClose X

GSK plc's subsidiary, TESARO, Inc., has received an update on its litigation with AnaptysBio, Inc., as the Delaware Chancery Court granted AnaptysBio's motion to dismiss TESARO's claim for anticipatory breach. This ruling does not affect TESARO's ongoing claim for declaratory judgment, which GSK and TESARO intend to pursue at trial, maintaining their belief that AnaptysBio's allegations are without merit. The dispute originated from AnaptysBio's claims that TESARO failed to meet license agreement requirements and its intention to revoke TESARO's license for dostarlimab, the active ingredient in GSK's Jemperli, a drug approved in over 35 countries for certain endometrial cancers and undergoing further clinical trials for other cancer types.

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