Top Health Care Stocks <\/p>\n
JNJ +1.64% <\/p>\n
PZE +1.14% <\/p>\n
MRK +1.21% <\/p>\n
ABT +1.62% <\/p>\n
AMGN +3.97% <\/p>\n
Health care stocks were pushing to their best levels of the session with the NYSE Health Care Sector Index ahead by 1.2% and shares of health care companies in the S&P 500 adding 1.9% as a group. <\/p>\n
In company news, PharmAthene ( PIP ) turned lower again this afternoon despite the Delaware Court of Chancery late Thursday adding $81.5 million in interest and other costs to the $113 million previously awarded to the biotech company in its long legal fight with one-time partner SIGA Technologies over its Tecovirimat smallpox antiviral. <\/p>\n
PIP sued SIGA over eight years ago, arguing it deserved a share of the potential profits for Tecovirimat after helping fund its development. The Delaware court earlier this month agreed with those claims, awarding PIP $113 million for lost profits, with yesterday's decision lifting the amount now owed above $194 million. <\/p>\n
The meter also is continuing to run for SIGA, with the court yesterday ordering it to pay $30,663.89 per day in interest while the company appeals the decision to the Delaware Supreme Court. <\/p>\n
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Health Care Sector Update for 01\/16\/2015: PIP,SIGA,RVP,BDX,NVGN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Top Health Care Stocks JNJ +1.64% PZE +1.14% MRK +1.21% ABT +1.62% AMGN +3.97% Health care stocks were pushing to their best levels of the session with the NYSE Health Care Sector Index ahead by 1.2% and shares of health care companies in the S&P 500 adding 1.9% as a group. In company news, PharmAthene ( PIP ) turned lower again this afternoon despite the Delaware Court of Chancery late Thursday adding $81.5 million in interest and other costs to the $113 million previously awarded to the biotech company in its long legal fight with one-time partner SIGA Technologies over its Tecovirimat smallpox antiviral. Continue reading