COPENHAGEN, Feb 9 (Reuters) - Novo Nordisk said on Monday it has filed a lawsuit against U.S. telehealth company Hims & Hers for infringing on the Danish group's patents.
"Novo Nordisk is asking the court to permanently ban Hims from selling unapproved, compounded drugs that infringe our patents, and is seeking to recover damages," the Danish drugmaker said in a statement.
The move comes after Hims on Saturday cancelled the... (continue reading...)
Feb 9 (Reuters) - Eli Lilly will buy therapy developer Orna Therapeutics for up to $2.4 billion in cash, the companies said on Monday.
This marks the latest in the string of deals the U.S. drugmaker has signed over the last few months to diversify beyond obesity.
The biotech is developing a new class of therapies that use a form of RNA called circular RNA, along with novel lipid nanoparticles to allow the patient's own body to... (continue reading...)
Investing.com -- Novo Nordisk (CSE:NOVOb) shares rose sharply on Monday after telehealth company Hims Hers Health (NYSE: HIMS) pulled its newly launched $49 compounded weight-loss pill over the weekend, following legal pressure from the Danish drugmaker and the U.S. Food and Drug Administration (FDA).
Shares in Novo surged more than 8% in Copenhagen trading by 04:48 ET (09:48 GMT), while its U.S.-listed shares jumped 6.5% in premarket trading.
Hims Hers, meanwhile,... (continue reading...)
Investing.com -- Alibaba’s AI chatbot Qwen has temporarily suspended issuing shopping coupons after being overwhelmed by a surge in demand, disrupting a fresh push to position the tool as more than just a question-and-answer assistant.
U.S.-listed shares of Alibaba (NYSE: BABA) fell about 1% in premarket trading.
The chatbot started distributing coupons on Friday that enable users to complete purchases within Alibaba-owned retail platforms directly through chatbot... (continue reading...)
Investing.com -- Cleveland-Cliffs Inc. (NYSE: CLF) reported a narrower-than-expected fourth-quarter loss on Thursday, but shares fell 3.4% premarket after the steelmaker's revenue fell short of analyst expectations amid weak automotive production levels.
The Ohio-based steel producer posted fourth-quarter revenue of $4.3 billion, below the analyst consensus of $4.59 billion. The company reported an adjusted loss of $0.43 per share, better than the expected loss of... (continue reading...)
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