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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:21 EDTCELGCelgene still has upper hand in patent case, says Wells Fargo
After a federal court issued its Markman opinion in the patent case between Celgene and Natco, Wells Fargo believes that Natco will have a difficult time circumventing Celgene's patents, and the firm does not believe that Natco can win a complete victory. However, the firm thinks that Natco may not settle immediately, and it expects intellectual property issues to remain an overhang on Celgene's stock. Still, the firm finds Celgene's valuation attractive and recommends buying the shares.
News For CELG From The Last 14 Days
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April 24, 2015
10:59 EDTCELGCelgene call activity attributed to vague takeover speculation
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10:22 EDTCELGRumor: Celgene active on vague takeover speculation
Celgene (CELG) shares are active on speculation Bristol-Myers (BMY) may be interested in acquiring the company.
05:39 EDTCELGCelgene announces strategic collaboration with AstraZeneca
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April 23, 2015
17:45 EDTCELGCelgene announces fulfillment of approval requirements for POMALYST
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09:20 EDTCELGCelgene patent latest to be challenged by Hayman Capital's Bass
The Coalition For Affordable Drugs, a group linked to Hayman Capital's Kyle Bass, has requested an Inter Partes Review of Claims 110 of U.S. Patent No. 6,045,501 held by Celgene (CELG), according to a USPTO filing. The 501 patent claims methods for delivering a drug, including a teratogenic drug, to a patient while preventing the exposure of a fetus or other contraindicated individuals to the drug. The patent is related to the company's Revlimid drug. BACKGROUND: Previously, the same coalition requested an Inter Partes Review of patents held by Pharmacyclics (PCYC), Acorda Therapeutics (ACOR), Shire (SHPG) and Jazz Pharmaceuticals (JAZZ). On January 7, Reuters reported that Bass planned to take "around 15 pharmaceutical companies with a combined market capitalization of $450B" into an Inter Partes Review for extending patents in questionable ways, citing a presentation made by Bass in Oslo. PRICE ACTION: Shares of Celgene are down 0.5% to $114.92 in pre-market trading.
April 15, 2015
17:08 EDTCELGCelgene announces phase 2 Apremilast data
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April 13, 2015
09:34 EDTCELGActive equity options trading on open
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05:09 EDTCELGCelgene to purchase 14.35M shares of Mesoblast stock for A$3.82 per share
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April 12, 2015
19:33 EDTCELGCelgene takes stake in Australia's Mesoblast, the Australian says
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