January 22, 2019 / 1:03 PM / 9 months ago

BUZZ-Neovasc Inc: Surges on settling Edward Lifesciences patent case

** Neovasc’s U.S.-listed shares surge 59.7 pct to $1.20 premarket, the most among stocks trading before the bell

** The Canadian medical device maker says settled a patent infringement lawsuit brought by Edwards Lifesciences

** Neovasc says the case filed in the Federal Court of Canada against Neovasc, Boston Scientific and LivaNova will be dismissed on a no-costs basis

** Edwards Lifesciences and Boston Scientific last week agreed to settle all their patent disputes

** NVCN’s U.S. shares have been trading below $1 since Nov. 28, triggering a Nasdaq warning recently

** Still, NVCN is up ~25 pct so far in 2019 after plunging ~99 pct in 2018 (Reporting by Savio D’Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below