Eoflow: European Court Dismisses Injunction Filed by Insulet
A European Court dismissed the injunction application filed by Insulet for overseas intellectual property rights infringement which would allow Eoflow to start selling its EoPatch products in Europe.
Eoflow is trying to complete a rights offering in December 2024. The expected rights offering price is 4,235 won (27% lower than current price).
Although results of the main lawsuit in the US remain undecided, with the UPC's decision in favor of Eoflow, the legal sentiment on this case is in favor of Eoflow.
On 25 November, Eoflow (294090 KS) announced that the Central Court of Milan of the European Unified Patent Court (UPC) dismissed the injunction application filed by Insulet for overseas intellectual property rights infringement which would allow Eoflow to start selling its EoPatch products in Europe. Following this news, Eoflow's share price jumped by 30% to 5,790 won. In the near term, we expect its share price could reach nearly 7,000 won to 8,000 won.
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