Legal Proceedings
−Removed: From time to time, we may be involved in legal
−Removed: proceedings arising in the ordinary course of our business.
−Removed: We were recently involved in litigation with DUSA, in which DUSA has alleged
−Removed: patent infringement, trade secret misappropriation, tortious interference with contractual relations and deceptive and unfair trade practices.
−Removed: We entered into a settlement and release agreement with DUSA on November 29, 2021.
−Removed: See “ Risk Factors— Risks Related
−Removed: to the License and Supply Agreements and Our Licensed Products— Third party claims of intellectual property infringement may affect
−Removed: our ability to sell our licensed products and may also prevent or delay our Licensors’ product discovery and development efforts ”
−Removed: for additional details regarding the history of litigation with DUSA and details of the settlement.
−Removed: of outcome, litigation can have an adverse impact on us due to defense and settlement costs, diversion of management resources, negative
−Removed: publicity and reputational harm, and other factors.
−Removed: We are not currently
−Removed: a party, and our property is not subject to, any other material pending legal proceedings, other than ordinary routine litigation incidental
−Removed: to the business.
+Added: time to time, we may be involved in legal proceedings arising in the ordinary course of our business.
+Added: Information regarding our material legal proceedings is included in Note 24,
+Added: Commitments and Contingencies , to the consolidated financial statements in Item 8 of this Form 10-K, which is incorporated herein
+Added: by reference.
+Added: Given the inherent uncertainties of litigation, the ultimate outcome of any such matters cannot be predicted at this time,
+Added: nor can the amount of possible loss or range of loss, if any, be reasonably estimated, except in circumstances where an aggregate litigation
+Added: accrual has been recorded for probable and reasonably estimable loss contingencies.
Mine Safety Disclosures
−Removed: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.