With a favorable Markman ruling, will there be a substantial move in the stock price?
Not necessarily. Unlike the Copaxone trial per se, a ruling on the Markman hearing is not a win/lose binary outcome but rather has shades of gray. Moreover, there’s no assurance that the Judge will even issue a Markman ruling prior to the start of the trial.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”