Sector Update: Health-Care Shares Mixed Pre-Market; Idenix File Patent-Infringement Suit Vs. Gilead

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Top Healthcare stocks:

JNJ: -0.1%

PFE: +0.1%


ABT: -0.1%

MRK: flat

AMGN: flat

Health-care shares were mixed in pre-market trading Friday.

Derma Sciences ( DSCI ) reported a narrower Q4 loss versus Street forecasts even as its revenue missed analysts' expectations. The medical-technology company reported a Q4 net loss of $5.4 million, or $0.31 per share, compared with a net loss of $3.7 million, or $0.27 per share in the prior-year period. Revenue was $20.7 million, up 3% from $20.1 million in the same quarter last year.

Gilead Sciences ( GILD ) declined pre-bell Friday, after Idenix Pharmaceuticals ( IDIX ), a biopharmaceutical company focused on human viral diseases, said it filed patent-infringement lawsuits against GILD and certain of its subsidiaries in France, Germany and the U.K.

The lawsuits allege Gilead infringed a recently granted, co-owned European patent of Idenix that covers 2'-methyl-2'-fluoro nucleosides for treating the hepatitis C virus. In the lawsuits, Idenix is seeking remedies with respect to Gilead's marketing and sales of drugs containing sofosbuvir, which Idenix believes infringes its European patent.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: DSCI , GILD , IDIX

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