Regeneron (NASDAQ:REGN) shares surged more than 3% intra-day today after a U.S. District Court in West Virginia ruled in favor of the company in a patent infringement case.
The court found that Mylan (NASDAQ:VTRS), a subsidiary of Viatris (VTRS), had infringed upon multiple claims of Regeneron's '865 patent, according to a Bloomberg report, which cited a US District Court in West Virginia.