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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:43 EDTBDX, PODDInsulet enters settlement and license agreement with Becton Dickinson
Insulet disclosed in a regulatory filing Friday night that on June 23 the company entered into a settlement and license agreement with Becton, Dickinson and Company (BDX) to settle the pending patent infringement lawsuit brought by BD against the company. In exchange for a release of claims, covenant not to sue and license to the patents in suit from BD, the settlement agreement provides that the company will make a one-time payment of $5M to BD and give BD a license to a single company patent relating to an environmental seal for a fluid delivery device. In addition to the settlement payment, it is expected that the companyís legal and other expenses associated with the lawsuit will be up to approximately $2.0M in the second quarter. Following the companyís payment of the settlement payment, the parties will promptly move to dismiss the pending lawsuit by BD, Insulet noted.
News For PODD;BDX From The Last 14 Days
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May 28, 2015
12:20 EDTBDXBecton Dickinson mulls sale of surgical instruments unit, Reuters reports
Becton, Dickinson & Co (BDX) is considering a sale of its V. Mueller surgical instruments business following its $12B acquisition of CareFusion (CFN), Reuters reports, citing people familiar with the matter. Reference Link
May 27, 2015
08:36 EDTBDXBecton Dickinson updates voluntary global recall of AVEA Ventilator
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May 21, 2015
15:46 EDTBDXRetractable Technologies reports recognition of payment from Becton, Dickinson
Retractable Technologies (RVP) reports that in the second quarter, RTI will record as income and remove from RTIís current liabilities, the $7,724,826 judgment amount previously paid by Becton, Dickinson and Company (BDX) for damages awarded as a result of BDís infringement of RTIís patents. This patent infringement case and related appeals have concluded. The patent claims were severed from RTIís other claims against BD in 2008. The other portion of the case in which the District Court granted RTI a final judgment for $352M plus other relief is not directly affected by the conclusion of the patent case and the related recognition of the judgment amount.

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