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The patent covers long-acting variants of C-Type Natriuretic Peptide .The legal action, which would result in a decision in the next 12-15 months, is based on BioMarin's belief that Ascendis' TransCon CNP investigational product and its development program in Germany and elsewhere in Europe infringe BioMarin's patent. The BioMarin patent was confirmed by the European Patent Office's Opposition Division in 2024.\"Intellectual property provides the foundation on which advances in the biotechnology industry are built, particularly for rare genetic conditions,\" said Alexander Hardy, president and chief executive officer of BioMarin. \"We are committed to protecting the important inventions our scientists make for patients aro","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/biomarin-announces-legal-action-against-170000436.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; 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They were followed by financial services company Banco Bilbao Vizcaya Argentaria  and semiconductor company Sequans Communications  that increased almost 5% and 3%, respectively.The worst decliners in continental Europe were pharmaceutical company Novo Nordisk  and consumer goods giant Unilever  losing roughly 2% each. They were followed by pharmaceutical company Ascendis Pharma  and Natuzzi , which were down nearly 2% and 1%, respectively.From the UK and Ireland, the gainers were led by biopharmaceutical company Akari Therapeutics,  and alcoholic beverage company Diageo , gaining 6% and 3%, respectively. They were followed by pharmaceutical company Silence 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