Healthcare Business Replay: Synergetics & Uroplasty Shares Jump, Acura’s Patent Problems
Two medical instruments stocks jumped Thursday from a boost given by Stephens: Synergetics USA, Inc. (NASDAQ:SURG) and Uroplasty, Inc. (NASDAQ:UPI) were both started at Overweight. The former designs microsurgical instruments used primarily for ophthalmology and neurosurgery markets, and the latter is a medical device firm that develops, manufactures and markets products for the treatment of voiding dysfunctions.
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Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) has received notification from a generic sponsor of its filing of an Abbreviated New Drug Application for a generic version of Oxecta Tablets, that says it believes that Acura’s patents are invalid, unenforceable or not infringed. Pfizer Inc. (NYSE:PFE) licenses Oxecta, but it’s covered by United States patents that were issued to Acura, who promises that it will take appropriate action to enforce its intellectual property.
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