UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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| Item 8.01 | Other Events. |
On June 21, 2022, Enanta Pharmaceuticals, Inc. announced that it filed suit in United States District Court for the District of Massachusetts against Pfizer, Inc. seeking damages for infringement of U.S. Patent No. 11,358,953 (the ’953 Patent) in the manufacture, use and sale of Pfizer’s COVID-19 antiviral, Paxlovid™ (nirmatrelvir tablets; ritonavir tablets). The United States Patent and Trademark Office awarded the patent to Enanta earlier this month based on Enanta’s July 2020 patent application describing coronavirus protease inhibitors invented by Enanta scientists.
Enanta recognizes the importance of Paxlovid’s availability to patients and does not intend to seek an injunction or to take other action in this litigation that would impede the production, sale or distribution of Paxlovid. Enanta seeks fair compensation for Pfizer’s use of a coronavirus protease inhibitor claimed in the ‘953 patent.
Forward Looking Statements Disclaimer
This Current Report on Form 8-K contains forward-looking statements, including statements with respect to Enanta’s filing in the United States District Court for the District of Massachusetts of a suit against Pfizer, Inc. seeking damages for patent infringement and Enanta’s intentions with respect to any further action with respect to such patent. Statements that are not historical facts are based on management’s current expectations, estimates, forecasts and projections about Enanta’s business and the industry in which it operates and management’s beliefs and assumptions. The statements contained in this release are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Important factors and risks that may affect actual results include: Enanta is competing to develop intellectual property in areas of small-molecule drug development that are highly competitive; issued patents, including those covering one or more of its product candidates, could be found invalid or unenforceable if challenged in court and could be costly to defend and be a distraction for Enanta’s senior management and scientific personnel; intellectual property litigation may lead to unfavorable publicity that harms Enanta’s reputation and causes the market price of its common stock to decline; and other risk factors described or referred to in “Risk Factors” in Enanta’s most recent Form 10-Q for the fiscal quarter ended March 31, 2022 and other periodic reports filed more recently with the Securities and Exchange Commission. Enanta cautions investors not to place undue reliance on the forward-looking statements contained in this release. These statements speak only as of the date of this release, and Enanta undertakes no obligation to update or revise these statements, except as may be required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| ENANTA PHARMACEUTICALS, INC. | ||||||
| Date: June 22, 2022 | By: | /s/ Paul J. Mellett | ||||
| Paul J. Mellett Senior Vice President, Finance and Administration and Chief Financial Officer | ||||||
Document and Entity Information |
Jun. 21, 2022 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | ENANTA PHARMACEUTICALS INC |
| Amendment Flag | false |
| Entity Central Index Key | 0001177648 |
| Document Type | 8-K |
| Document Period End Date | Jun. 21, 2022 |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-35839 |
| Entity Tax Identification Number | 04-3205099 |
| Entity Address, Address Line One | 500 Arsenal Street |
| Entity Address, City or Town | Watertown |
| Entity Address, State or Province | MA |
| Entity Address, Postal Zip Code | 02472 |
| City Area Code | (617) |
| Local Phone Number | 607-0800 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, par value $0.01 per share |
| Trading Symbol | ENTA |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
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