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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 company’s legal and other expenses associated with the lawsuit will be up to approximately $2.0M in the second quarter. Following the company’s 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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July 31, 2015
16:53 EDTBDXBecton Dickinson files automatic mixed securities shelf
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July 30, 2015
11:02 EDTPODDInsulet Q2 postponement may indicate an acquisition is near, says Feltl
As previously reported, Feltl upgraded Insulet to Hold from Sell. Analyst Ben Haynor believes the surprising preliminary Q2 release and postponement of full results is odd behavior and may indicate an "acquisition may be afoot." Haynor increased his price target on Insulet to $35 based upon the multiple St. Jude (STJ) is paying to acquire Thoratec (THOR).
10:45 EDTPODDInsulet upgraded to Hold from Sell at Feltl
July 29, 2015
19:36 EDTPODDInsulet working 'expeditiously' to complete full Q2 results
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19:35 EDTPODDInsulet backs FY15 revenue guidance of $305M-$320M, consensus $302.65M
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19:35 EDTPODDInsulet sees Q3 revenue $82M-$85M, consensus $83.6M
19:34 EDTPODDInsulet reports preliminary Q2 revenue $75.6M, consensus $68.95M
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19:33 EDTPODDInsulet postpones release fo full Q2 results
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