United Therapeutics authorizes additional $420M share repurchase program United Therapeutics announced that its board authorized the repurchase of up to an additional $420M of the company's common stock. This program will become effective on March 4 and will remain open for up to one year.
News For UTHR From The Last 14 Days
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United Therapeutics jumps after court rules generic will infringe United Therapeutics (UTHR) alleged patent infringement against Sandoz, a unit of Novartis (NVS), related to the latter's filing for approval of a generic version of United Therapeutics' remodulin drug. A New Jersey court ruled today that Sandoz's proposed ANDA product will infringe the claims of UTC's '117 patent, according to a court filing. Following the court ruling, shares of United Therapeutics are up 15% to $105.39 in morning trading.