UPDATE: Avago Tech (AVGO) Active Following Patent Case Ruling Apr 17, 2014 05:14PM

(Updated - April 17, 2014 5:14 PM EDT)

Avago Tech (NASDAQ: AVGO) stock was active following a win in a patent case vs Mellanox Technologies, Ltd. (NASDAQ: MLNX). Bloomberg reported Mellanox and its IPtronics violated an Avago patent. The report cited a notice posted by the U.S. International Trade Commission.


UPDATE: Avago Tech (AVGO) Active Following Patent Case Ruling Apr 17, 2014 05:14PM

(Updated - April 17, 2014 5:14 PM EDT)

Avago Tech (NASDAQ: AVGO) stock was active following a win in a patent case vs Mellanox Technologies, Ltd. (NASDAQ: MLNX). Bloomberg reported Mellanox and its IPtronics violated an Avago patent. The report cited a notice posted by the U.S. International Trade Commission.


Catalyst Pharma (CPRX), BioMarin (BMRN) Enter Amended Licensing Agreement Apr 17, 2014 05:00PM

On April 15, 2014, effective as of April 8, 2014, Catalyst Pharmaceutical Partners (Nasdaq: CPRX) and BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) entered into Amendment No. 1 to License Agreement (“the Amendment”), amending in certain respects the License Agreement, dated October 26, 2012 (the “License Agreement”), between the Company and BioMarin.

The Company intends to submit a FOIA Confidential Treatment Request to the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended, requesting that it be permitted to redact certain portions of the Amendment. The omitted material will be included in the request for confidential treatment.


Actavis (ACT), Forest Labs (FRX) Report Receipt of Second Info Request Under HSR Act Apr 17, 2014 04:06PM

Actavis plc (NYSE: ACT) and Forest Laboratories, Inc. (NYSE: FRX) today announced that they have each received a request for additional information from the Federal Trade Commission ("FTC") in connection with Actavis’ pending acquisition of Forest. The information request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act").

The effect of the second request is to extend the waiting period imposed by the HSR Act until 30 days after Actavis and Forest have substantially complied with the request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC. Actavis and Forest intend to cooperate fully with the FTC and they continue to expect the transaction to close in mid-year 2014.


Herbalife (HLF) Issues Statement on Illinois AG Headlines; Confident in Integrity of Business Apr 17, 2014 03:36PM

Herbalife (NYSE: HLF) issued the following statement:

We have more than 15,000 members and many more thousands of satisfied customers in Illinois. We will continue to provide the outstanding products and services that they have come to expect from Herbalife over the past three decades. We will always support the good work of our members.

We are confident in the integrity of our longstanding business and the Company's compliance with applicable laws and regulations. We look forward to working with the Illinois Attorney General's office to resolve the consumer complaints it has received.


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