Check out the companies making headlines in midday trading. Regeneron Pharmaceuticals — Shares of the biotech firm edged more than 1% higher, adding to Wednesday’s gains. The moves follow a judgment in Regeneron’s favor in a West Virginia patent lawsuit against Mylan. BMO analyst Evan Seigerman said the ruling most likely prevents Mylan from launching its biosimilar therapy Eylea until the patents expire. NeoGenomics — Shares of the oncology testing company dropped 18% after a court issued a preliminary injunction barring the company from “making, using, selling, or offering for sale in the United States” its RaDaR technology. The company said it would appeal the injunction. Grand Canyon Education — Shares of the educational services company slid nearly 7% after the Federal Trade Commission filed a lawsuit, accusing Grand Canyon Education of deceptive and illegal advertising and telemarketing practices. Penn Entertainment — The casino operator rose more than 6% after Vora Capital Management filed a 13D in a push to designate directors to Penn’s board. NetEase — The Chinese internet stock gained 3.2%. Shares have received a small boost this week after China’s top gaming regulator promised it would “further modify and improve” new guidelines that aimed to target excessive gaming. Coherus BioSciences — The biopharma stock soared 21%, adding to its more than 23% from Wednesday’s trading session. …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Regeneron Pharmaceuticals — Shares of the biotech firm edged more than 1% higher, adding to Wednesday’s gains. The moves follow a judgment in Regeneron’s favor in a West Virginia patent lawsuit against Mylan. BMO analyst Evan Seigerman said the ruling most likely prevents Mylan from launching its biosimilar therapy Eylea until the patents expire. NeoGenomics — Shares of the oncology testing company dropped 18% after a court issued a preliminary injunction barring the company from “making, using, selling, or offering for sale in the United States” its RaDaR technology. The company said it would appeal the injunction. Grand Canyon Education — Shares of the educational services company slid nearly 7% after the Federal Trade Commission filed a lawsuit, accusing Grand Canyon Education of deceptive and illegal advertising and telemarketing practices. Penn Entertainment — The casino operator rose more than 6% after Vora Capital Management filed a 13D in a push to designate directors to Penn’s board. NetEase — The Chinese internet stock gained 3.2%. Shares have received a small boost this week after China’s top gaming regulator promised it would “further modify and improve” new guidelines that aimed to target excessive gaming. Coherus BioSciences — The biopharma stock soared 21%, adding to its more than 23% from Wednesday’s trading session. …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
