Shares of Dr Reddy's Laboratories rose 1.3 percent intraday Monday as company filed lawsuit in the United States District Court.
The company's wholly-owned subsidiary Promius Pharma LLC has filed a lawsuit for patent infringement in the United States District Court for Eastern District of Texas against Perrigo UK FINCO Limited Partnership, Perrigo Israel Pharmaceuticals and Taro Pharmaceuticals Inc, in response to two paragraph-IV notice letters received for its twice daily topical spray Sernivo product.
Promius anticipates this lawsuit will trigger a 30 month stay of FDA approval of Perrigo's and Taro's ANDAs.
Sernivo spray, 0.05% is protected by six Orange Book patents that expire in 2030.
Promius will continue to vigorously defend its Sernivo intellectual property rights against infringement wherever they are challenged.
At 10:33 hrs Dr Reddy's Laboratories was quoting at Rs 1,993.15, up Rs 21.25, or 1.08 percent on the BSE.
Top Stocks To Watch Right Now: Empire Resorts Inc.(NYNY)
Advisors' Opinion:- [By Max Byerly]
Simplicity Esports and Gaming (NASDAQ:WINR) and Empire Resorts (NASDAQ:NYNY) are both small-cap consumer discretionary companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, profitability, analyst recommendations, dividends, risk, valuation and institutional ownership.
- [By Stephan Byrd]
Wendys (NASDAQ: WEN) and Empire Resorts (NASDAQ:NYNY) are both retail/wholesale companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, earnings, valuation, profitability, analyst recommendations and risk.
Top Stocks To Watch Right Now: Westinghouse Air Brake Technologies Corporation(WAB)
Advisors' Opinion:- [By Adam Levine-Weinberg]
As part of its announcement on Tuesday, GE stated that its previous plan to divest about $20 billion of assets is "substantially complete." Indeed, the company is set to receive $9.8 billion of cash proceeds over the next 12 months from four major asset sales, along with approximately $1.9 billion of Westinghouse Air Brake Technologies (NYSE:WAB) stock. GE shareholders will receive an additional $7.6 billion of Wabtec stock as part of the sale of the company's freight locomotive business. The GE Lighting division is the last major asset up for sale under this plan.
- [By Lisa Levin] Companies Reporting Before The Bell United Technologies Corporation (NYSE: UTX) is estimated to report quarterly earnings at $1.51 per share on revenue of $14.62 billion. The Coca-Cola Company (NYSE: KO) is expected to report quarterly earnings at $0.46 per share on revenue of $7.31 billion. Caterpillar Inc. (NYSE: CAT) is projected to report quarterly earnings at $2.07 per share on revenue of $11.93 billion. Verizon Communications Inc. (NYSE: VZ) is expected to report quarterly earnings at $1.11 per share on revenue of $31.22 billion. Lockheed Martin Corporation (NYSE: LMT) is estimated to report quarterly earnings at $3.42 per share on revenue of $11.28 billion. The Sherwin-Williams Company (NYSE: SHW) is projected to report quarterly earnings at $3.15 per share on revenue of $3.94 billion. Biogen Inc. (NASDAQ: BIIB) is expected to report quarterly earnings at $5.92 per share on revenue of $3.15 billion. 3M Company (NYSE: MMM) is estimated to report quarterly earnings at $2.52 per share on revenue of $8.26 billion. JetBlue Airways Corporation (NASDAQ: JBLU) is projected to report quarterly earnings at $0.2 per share on revenue of $1.75 billion. Eli Lilly and Company (NYSE: LLY) is expected to report quarterly earnings at $1.13 per share on revenue of $5.49 billion. Harley-Davidson, Inc. (NYSE: HOG) is estimated to report quarterly earnings at $0.88 per share on revenue of $1.25 billion. Corning Incorporated (NYSE: GLW) is expected to report quarterly earnings at $0.3 per share on revenue of $2.50 billion. Centene Corporation (NYSE: CNC) is projected to report quarterly earnings at $1.88 per share on revenue of $13.28 billion. The Travelers Companies, Inc. (NYSE: TRV) is estimated to report quarterly earnings at $2.77 per share on revenue of $6.75 billion. Wipro Limited (NYSE: WIT) is expected to report quarterly earnings at $0.07 per share on revenue of $2.16 billion. PACCAR Inc (NASDAQ: PCAR) is projected to
- [By Travis Hoium]
Shares of Westinghouse Air Brake Technologies Corp. (NYSE: WAB) fell as much as 13.9% in trading Friday as investors headed for the exits before the weekend. As of 3:20 p.m. EDT, shares were still down 11.7% on the day.
Top Stocks To Watch Right Now: VOC Energy Trust(VOC)
Advisors' Opinion:- [By Shane Hupp]
Deutsche Bank AG reduced its position in VOC Energy Trust (NYSE:VOC) by 64.5% in the 4th quarter, Holdings Channel reports. The firm owned 19,000 shares of the oil and gas producer’s stock after selling 34,500 shares during the period. Deutsche Bank AG’s holdings in VOC Energy Trust were worth $112,000 as of its most recent filing with the SEC.
Top Stocks To Watch Right Now: Rex Energy Corporation(REXX)
Advisors' Opinion:- [By Stephan Byrd]
News stories about Rex Energy (NASDAQ:REXX) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rex Energy earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the oil and gas exploration company an impact score of 45.4610840717308 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
No comments:
Post a Comment