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Legal

BHC

Bausch Health has filed a patent infringement lawsuit against Norwich Pharmaceuticals in the U.S. District Court for the District of New Jersey. The lawsuit is in response to Norwich's ANDA submission to the FDA for a generic version of XIFAXAN® (rifaximin) 550 mg tablets, used to treat IBS-D.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:31 pm

BTMD

Biote has signed a binding term sheet with stockholder Marci M. Donovitz to resolve litigation. The agreement includes a $60 million repurchase of 8.3 million shares and the cancellation of 4.0 million earnout shares.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:47 pm

DWAC

Trump Media & Technology Group (TMTG) has sent a fourth congressional letter following previously disclosed letters, as per a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:16 pm

SNOW

TREE

LendingTree's unit has been hacked, with stolen data being offered on the dark web. The company was previously investigating a potential breach and was alerted by Snowflake.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:11 pm

ATIP

ATI Physical Therapy has reported a settlement notice, which could have implications for the company's financial health and stock performance.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:07 pm

AAPL

QCOM

Qualcomm Inc. (NASDAQ:QCOM) shares are trading lower after the company agreed to pay $75 million to settle a shareholder lawsuit accusing it of misleading investors about its patent licensing practices. The settlement still needs judicial approval.

Portfolio Pulse from Vaishali Prayag

June 20, 2024 | 6:41 pm

GOLD

Barrick Gold Corporation has responded to allegations from the UN Human Rights Council regarding its North Mara mine, calling the claims misconceived and inaccurate. CEO Mark Bristow refuted the outdated information provided by human rights NGOs.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:27 pm

BTTR

Better Choice Company Inc (AMEX:BTTR) shares are trading higher after the company announced a settlement with Alphia, resulting in the retirement of its senior debt and other indebtedness. The stock is up 10.9% following the news.

Portfolio Pulse from Dylan Berman

June 20, 2024 | 6:23 pm

BTTR

Better Choice shares are trading higher after the company announced an amicable settlement with Alphia, dismissing ongoing litigation and retiring $5.4 million in senior secured debt.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:11 pm

GSK

PFE

SNY

GSK Plc and other pharmaceutical companies, including Pfizer and Sanofi, are seeking to halt over 70,000 lawsuits related to the heartburn drug Zantac, with support from major U.S. industry groups. These groups argue that allowing the lawsuits to proceed could harm Delaware's business-friendly reputation and judicial consistency.

Portfolio Pulse from Vandana Singh

June 20, 2024 | 6:03 pm