Judge in generics price-fixing MDL: out-of-state plaintiffs can bring class claims [Reuters]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
Check Earnings Report
US:NYSE Investor Relations:
novartis.com/investors
Company Research
Source: Reuters
Judge in generics price-fixing MDL: out-of-state plaintiffs can bring class claims | Reuters 5 Min Read (Reuters) - U.S. District Judge Cynthia Rufe of Philadelphia ruled last week that employee healthcare plans, labor unions, private health insurers and independent pharmacies can proceed with most of their state-law antitrust, consumer protection and unjust enrichment claims against pharmaceutical manufacturers accused of conspiring to jack up the prices of six widely prescribed generic versions of prescription drugs. These so-called indirect purchasers can’t bring claims for money damages under federal antitrust law because of the U.S. Supreme Court’s embattled 1977 precedent in Illinois Brick v. Illinois, so Judge Rufe’s decision means drugmakers can be held liable for whatever unwarranted expense consumers bore as a result of the alleged price-fixing conspiracy. Significantly, the judge ruled that the health plans (which she calls “end-payer plaintiffs”) and independent pharmacies
Show less
Read more
Impact Snapshot
Event Time:
NVS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NVS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NVS alerts
High impacting Novartis AG news events
Weekly update
A roundup of the hottest topics
NVS
News
- 20 Countries with the Highest Rates of Stomach Cancer in the World [Yahoo! Finance]Yahoo! Finance
- Novartis AG (NYSE: NVS) had its price target raised by analysts at BMO Capital Markets from $114.00 to $116.00. They now have a "market perform" rating on the stock.MarketBeat
- Roche Sales Decline in Last Quarter of Pandemic Impact [BNN Bloomberg (Canada)]BNN Bloomberg
- Novartis and Medicines for Malaria Venture announce positive efficacy and safety data for a novel treatment for babies <5 kg with malaria [Yahoo! Finance]Yahoo! Finance
- Why Novartis Stock Topped the Market on Tuesday [Yahoo! Finance]Yahoo! Finance
NVS
Earnings
- 4/23/24 - Beat
NVS
Sec Filings
- 4/23/24 - Form 6-K
- 2/15/24 - Form S-8
- 2/2/24 - Form SC
- NVS's page on the SEC website