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FWP - Forward Pharma: Heads You Win Big Tails You Still Win
Forward Pharma A/S
Forward Pharma (FWP) used to be a Danish biotech company. But when its patents on dimethyl fumarate (sold as Tecfidera by Biogen (BIIB)) were challenged it downsized and became a patent litigation play. In a settlement it gave Biogen a license to use its patents for its sales of Tecfidera in the US in return for $1.25 billion. So that was pretty successful. Moreover the company paid out most of the settlement proceeds to investors in September 2017.
But in Europe its key patent was overthrown on January 29, 2018. The