Momenta Phama (MNTA), Teva (TEVA) Active as '250 Patent on Capoxone Invalid

August 24, 2016 3:14 PM EDT
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(Updated - August 24, 2016 3:25 PM EDT)

(Updated - August 24, 2016 3:20 PM EDT)

Shares of Momenta Phama (NASDAQ: MNTA) and Teva (NYSE: TEVA) were volatile Wednesday afternoon. Chatter suggests the move was tied to a ruling on Capoxone's '250 patent.

Update: The U.S. patent office concluded claims 1–20 of the ’250 patent are unpatentable. Shares of Teva were pressured following the ruling, falling over 5%.

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