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At Close: May 27, 2022
The U.S. District Court of West Virginia gives a ruling against Biogen (BIIB) over a patent dispute with generic drugmaker Mylan pertaining to its best-selling multiple sclerosis drug, Tecfidera.
Here's a roundup of top developments in the biotech space over the last 24 hours.Scaling The Peaks (Biotech Stocks Hitting 52-week Highs June 18) * ADC Therapeutics SA (NYSE: ADCT) * Adverum Biotech
The S&P; 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the U.S. eco
Mylan N.V. (NASDAQ: MYL) today announced that the U.S. District Court for the Northern District of West Virginia invalidated Biogen's Tecfidera® patent, U.S. Patent No. 8,399,514, for lack of written
The tech-heavy Nasdaq was essentially flat. "It's not unusual after huge moves to trade sidewise," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. Ini
The S&P; 500 was little changed on Thursday as coronavirus infections picked up again in parts of the United States and data showed an elevated level of weekly jobless claims, lending weight to predic
Shares of Biogen Inc. sank 6.7% toward an 8-month low in morning trading Thursday, a district court in West Virginia invalidated a patent on Biogen's multiple sclerosis treatment Tecfidera, which is
The S&P; 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly
U.S. District Court judge rules that Mylan proved claims for Biogen's patent for Tecfidera are invalid for 'lack of written description.'
A federal-district court judge has invalidated Biogen’s patent on its multiple-sclerosis drug Tecfidera. Mylan could launch its generic next year, says RBC, unless it agrees otherwise in a settlemen
Shares of Biogen Inc. sank 5.9% toward an 8-month low in morning trading Thursday, as investors reacted to reports that a West Virginia district court ruled in favor of Mylan N.V. by invalidating th
Tecfidera has been Biogen's main growth driver since it was launched in 2013, generating sales of $4.43 billion in 2019, accounting for nearly a third of total revenue. A court in the Northern Distri
Upjohn Inc. ("Newco"), a wholly-owned subsidiary of Pfizer Inc. ("Pfizer") (NYSE: PFE), Upjohn Finance B.V. ("Finco"), a wholly-owned subsidiary of Newco, Pfizer and Mylan N.V. ("Mylan") (Nasdaq: MYL)
Moody's Investors Service ("Moody's") assigned Baa3 senior unsecured ratings to the notes offering of Upjohn Inc. ("Upjohn"). Upjohn is the mature branded business of Pfizer, Inc. ("Pfizer") that wil
Moody's Investors Service ("Moody's") assigned Baa3 senior unsecured ratings to the notes offering of Upjohn Finance B.V. ("Upjohn"). Upjohn is the mature branded business of Pfizer, Inc. ("Pfizer")
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