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Stock Market & Financial Investment News

News Breaks
July 1, 2014
11:18 EDTJNJ, ABBVAbbVie patents affirmed as invalid by appeals court in suit with J&J unit
An appeals court affirmed a lower court finding that AbbVie (ABBV) patents involving antibodies that are useful for treating diseases are invalid. AbbVie has sued Janssen Biotech, a unit of Johnson & Johnson (JNJ), and Centocor Biologics for infringement of the patent claims. Reference Link
News For ABBV;JNJ From The Last 14 Days
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September 4, 2015
14:29 EDTJNJFDA grants Genmab priority review for daratumumab
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08:20 EDTJNJ, ABBVBass slams PTO for blocking patent challenge, Business Insider reports
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September 2, 2015
11:39 EDTABBV, JNJBass denied request for review of Biogen multiple sclerosis drug patent
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September 1, 2015
07:31 EDTABBVBristol-Myers, AbbVie say FDA accepts BLA for Empliciti for priority review
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August 31, 2015
14:00 EDTABBVAbbVie September calls active
AbbVie September 65 and 67.5 calls are active on total call volume of 37K contracts (9K puts). September weekly call option implied volatility is at 37, September is at 36, October is at 31; compared to its 52-week range of 18 to 36. Active call volume suggests traders taking positions for price movement.
August 27, 2015
19:49 EDTJNJJohnson & Johnson to open shared services headquarters in Florida
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August 25, 2015
19:34 EDTABBVExperts tell White House to expand use of Hepatitis C drugs, NYT says
Health care experts from the Public Health Service and the Advisory Council on H.I.V./AIDS have recommended that Medicaid officials expand the use of costly Hepatitis C drugs including AbbVie's (ABBV) Viekira Pak and Gilead's (GILD) Sovaldi and Harvoni, reports the New York Times, citing correspondence sent to the White House. The advisory council said current usage limitations on the drugs are "unreasonable," but it also suggested that manufacturers disclose drug development costs in the face of the significant price tags on modern Hepatitis C treatments. Reference Link
13:01 EDTJNJJ&J unit to sell Splenda brand to Heartland Food, terms not disclosed
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09:03 EDTJNJ, ABBVAcorda has major overhang removed by IPR denials, says Leerink
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06:18 EDTJNJSears names Lynn Pendergrass as Hardlines president
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