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Court of Appeals Affirms $16.56 Million Judgment Against Johnson & Johnson in Defective Fentanyl Patch Case
Thursday, July 7, 2011 - 3:54pm | 44The First District of the Illinois Court of Appeals affirmed a $16.56 million judgment against Johnson & Johnson (NYSE: JNJ) subsidiaries Janssen Pharmaceutica Inc. and ALZA Corporation in a wrongful death case involving their Duragesic® fentanyl pain patch.
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Imagine If IBM Participated In The Rally Today
Thursday, July 7, 2011 - 3:43pm | 253The major stock indexes are soaring higher this afternoon. The Dow Jones Industrial Average(DJIA) is trading higher by 126.00 points to 12,751.00. The DJIA is just 127.00 points away from its May 2011 top. The DJIA has now rallied higher by 888.00 points since its June 15, 2011 pivot low. What a...
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Catalysts Abound For Regeneron Pharmaceuticals
Thursday, July 7, 2011 - 2:57pm | 491Regeneron Pharmaceuticals (NASDAQ: REGN) is a $5.54 billion biopharmaceutical firm with one marketed product and numerous late-stage drugs in its pipeline with several FDA approval filings scheduled for the second half of 2011. In addition, REGN has an early to mid-stage human monoclonal antibody...
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Pfizer Down 2% Despite Potential Sales
Thursday, July 7, 2011 - 1:36pm | 337Shares of Pfizer (NYSE: PFE) are not participating in today's rally, despite news the pharmaceutical giant is trying to sell its animal health and nutrition units. At last check, shares were off 40 cents to $20.38, a loss of 1.9%. The move lower could be because Wall Street is looking for...
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Thursday's Put/Call Ratio Leaders
Thursday, July 7, 2011 - 1:31pm | 78Here are today's Put/Call Ratio leaders… 1. Hormel Foods (NYSE: HRL) 2,642 puts, 34 calls 2. Thoratec Corp. (NASDAQ: THOR) 7,363 puts, 160 calls 3. Santander Finance Preferred (NYSE: STD) 4,375 puts, 159 calls 4. HSBC Holdings (NYSE: HBC) 4,385 puts, 171 calls 5. Forest Laboratories (NYSE: FRX) 4...
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Benzinga's Volume Movers
Thursday, July 7, 2011 - 10:27am | 147Hi-Tech Pharmacal Co Inc (NASDAQ: HITK) shares surged 5.30% to $30.42 at 10:24 am. The volume of HITK shares traded was 811% higher than normal. HITK reported upbeat Q4 earnings. Nova Measuring Instruments Ltd (NASDAQ: NVMI) shares moved up 5.32% to $11.09. The volume of NVMI shares traded was 332...
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Johnson & Johnson Announces Global Sponsorship of the 2014 FIFA World Cup Brazil
Thursday, July 7, 2011 - 10:01am | 88Johnson & Johnson (NYSE: JNJ) today announced that the company has entered into an agreement to become a global sponsor of the 2014 FIFA World Cup Brazil, becoming the eighth and final FIFA World Cup Sponsor. With this sponsorship, Johnson & Johnson will be the exclusive and Official...
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Goldman Sachs Suggests Buying Calls on Merck & Co.
Thursday, July 7, 2011 - 9:16am | 129Goldman Sachs is out with a research note this morning, where is suggests that traders buy calls on Merck & Co. (NYSE: MRK). The analysts noted that options are trading at all time lows, and sentiment on MRK is weak, while Goldman Sachs Pharmaceuticals analyst Jami Rubin surveyed 75 US...
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Pfizer To Explore Strategic Alternatives For Its Animal Health And Nutrition Businesses
Thursday, July 7, 2011 - 8:41am | 96Pfizer Inc. (NYSE: PFE) today announced that it is exploring strategic alternatives for its Animal Health and Nutrition businesses based on its recent business portfolio review to determine the optimal mix of businesses for maximizing shareholder value. The company is considering options that may...
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First Global Reiterates ST Market Perform on Teva Pharmaceutical
Thursday, July 7, 2011 - 7:18am | 33First Global reiterated its ST Market Perform rating on Teva Pharmaceutical (NASDAQ: TEVA). On Wednesday, Teva added 0.14% to its value to end the day at $48.99.
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Shire Files Lawsuits Against Watson and Roxane for Infringement of VYVANSE Patents
Thursday, July 7, 2011 - 7:13am | 94Shire plc (NASDAQ: SHPGY) announces that it has filed lawsuits in the U.S. District Court for the District of New Jersey against Roxane Laboratories, Inc., and in the U.S. District Court for the Central District of California against Watson Laboratories, Inc., respectively, for infringement of...
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Piper Jaffray Reiterates Overweight and PT of $14 on XenoPort
Thursday, July 7, 2011 - 6:19am | 47Piper Jaffray reiterated its Overweight rating on XenoPort (NASDAQ: XNPT). At the same time, the rating agency left its price target on the company's stock unchanged at $14. On Wednesday, XenoPort added 0.82% to its value to finish the day at $7.37.
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Earnings Scheduled For July 7
Thursday, July 7, 2011 - 12:32am | 149Helen of Troy Limited (NASDAQ: HELE) is expected to report its Q1 EPS at $0.76 on revenue of $260.20 million. International Speedway Corporation (NASDAQ: ISCA) is expected to report its Q2 EPS at $0.27 on revenue of $138.25 million. WD-40 Company (NASDAQ: WDFC) is projected to report its FQ3 EPS...
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Hearing Twitter Chatter Santarus Cancels Upcoming Biotech Conference Appearance
Wednesday, July 6, 2011 - 3:04pm | 34@markflowchatter reports that Santarus(NASDAQ: SNTS) has canceled its appearance at the Stifel Biotech Conference on July 12th.
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Bristol-Myers Squibb and Innate Pharma Announce Global License Agreement for an Investigational Immuno-Oncology Biologic
Wednesday, July 6, 2011 - 2:32pm | 154Bristol-Myers Squibb Company (NYSE: BMY) and Innate Pharma S.A. today announced a global agreement for the development and commercialization of IPH2102, a novel antibody in Phase I development for the treatment of cancer. Under the terms of the agreement, Innate Pharma will grant to Bristol-Myers...