financetom
Business
financetom
/
Business
/
Market Chatter: Pfizer Prevails in UK Patent Fight Against GSK RSV Vaccine
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Pfizer Prevails in UK Patent Fight Against GSK RSV Vaccine
Oct 7, 2024 4:28 PM

04:06 PM EDT, 10/07/2024 (MT Newswires) -- Pfizer ( PFE ) won a UK court decision to invalidate two patents supporting GSK's (GSK) vaccine for respiratory syncytial virus, Reuters reported Monday.

GSK told Reuters the ruling will have no impact on its ability to market its RSV vaccine globally, including the UK. The company plans to appeal the decision. Pfizer ( PFE ) welcomed the decision, Reuters reported.

Pfizer ( PFE ) shares advanced Monday after media report the company may become the target of a shareholder campaign led by activist Starboard Value, which has taken a $1 billion stake in the company. The shares were up 2% at market close.

GSK shares were marginally lower just ahead of close.

Neither Pfizer ( PFE ) nor GSK responded to MT Newswires seeking comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cyclone Yaas: Paradip Port gears up to meet any eventuality
Cyclone Yaas: Paradip Port gears up to meet any eventuality
May 24, 2021
The Paradip Port Trust (PPT) administration is fully geared up to meet any eventuality of the impending cyclone 'Yaas', Port's Chairman Vinit Kumar said on Monday. According to India Meteorological Department, the deep depression over the Bay of Bengal intensified into cyclone Yaas in the early hours of Monday and it is likely to intensify into a severe cyclonic storm in the next 24 hours. "As the cyclonic storm 'Yaas' is expected to trigger heavy downpour accompanied by high velocity wind in the locality, PPT Administration is fully geared up to meet any eventuality," PPT said in a statement quoting Kumar. According to the statement, the drains in the locality have been cleared on a war footing in order to avoid any possible waterlogging. "Four teams of PPT with chain saws and Pay loader are ready to function roundtheclock during the cyclone to clear the roads due to possible uprooting of trees. "As precautionary measures, no inward movement of ships has been permitted from 2200 hrs of May 23, 2021," it said. The Port had planned only outward movement of ships which was expected to be completed by 1200 hrs on Monday, the statement said, adding all operations will be wound up and the Port will be cleared of all personnel by Tuesday morning. All vessels at Paradip anchorage have been asked to pick up anchor and move to sea, it said.
Second wave of COVID-19 likely to delay air traffic recovery: Report
Second wave of COVID-19 likely to delay air traffic recovery: Report
May 24, 2021
The second wave of COVID has set back air passenger traffic growth. Now a YoY growth of 80-85% is likely in FY2022 against the earlier projection of 130-135%, said rating agency ICRA.
Compliance deadline for new IT rules ends today; experts discuss its impact on social media cos
Compliance deadline for new IT rules ends today; experts discuss its impact on social media cos
May 25, 2021
Are the new IT rules against freedom of speech or is a balancing act need of the hour? Why are social media companies dilly-dallying and not complying with the new rules? CNBC-TV18’s Ashmit Kumar spoke to Apar Gupta, Executive Director at the Internet Freedom Foundation; Sajan Poovayya, Senior Supreme Court Advocate; and NS Nappinai, Cyber Law Expert to find out.
India challenges $1.2 billion Cairn arbitration award
India challenges $1.2 billion Cairn arbitration award
May 23, 2021
Cairn invoked arbitration under the India-UK bilateral investment treaty.
Copyright 2023-2026 - www.financetom.com All Rights Reserved