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FTSE 250 movers: Indivior, oil stocks in favour
(Sharecast News) - FTSE 250: 19,543.68, +1.18%
Indivior announced significant agreement in its ongoing patent dispute with Actavis Laboratories UT, a subsidiary of Teva Pharmaceuticals, on Wednesday.
The FTSE 250 company said it had entered a settlement agreement with Actavis, resolving the patent disputes related to Actavis's Abbreviated New Drug Application (ANDA) for generic buprenorphine and naloxone sublingual film.
Under the settlement, Indivior granted Actavis a licence to its US patent to enable Actavis to launch the generic film products specified in its ANDA within the US.
However, the launch could not happen before 31 January 2025, unless the unexpired patent claims were determined to be invalid or unenforceable before that date in a final judicial decision.
At 0848 GMT, shares in Indivior were up 3.4% at 1,186p.
Oil sector stocks gained as the pound fell against the dollar with Tullow Oil, Energean and Wood Group both making gains.
FTSE 250 - Risers
Tyman (TYMN) 315.50p 4.64% C&C Group (CDI) (CCR) 150.20p 4.60% Great Portland Estates (GPE) 427.20p 4.55% BBGI Global Infrastructure S.A. NPV (DI) (BBGI) 139.80p 4.48% Bank of Georgia Group (BGEO) 3,845.00p 4.48% Energean (ENOG) 1,023.00p 3.96% LondonMetric Property (LMP) 195.50p 3.88% IP Group (IPO) 59.10p 3.87% Wood Group (John) (WG.) 170.00p 3.72% Coats Group (COA) 79.00p 3.54%
FTSE 250 - Fallers
Me Group International (MEGP) 125.00p -2.50% Foresight Solar Fund Limited (FSFL) 96.40p -1.33% NB Private Equity Partners Ltd. (NBPE) 1,642.00p -1.08% Asia Dragon Trust (DGN) 341.00p -0.87% North Atlantic Smaller Companies Inv Trust (NAS) 3,950.00p -0.75% W.A.G Payment Solutions (WPS) 87.40p -0.68% JPMorgan Indian Investment Trust (JII) 910.00p -0.66% Watches of Switzerland Group (WOSG) 705.00p -0.63% Apax Global Alpha Limited (APAX) 160.00p -0.62% JPMorgan Emerging Markets Inv Trust (JMG) 104.40p -0.57%
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