Shares in Tamir Capital are soaring on lively volumes, following a Tel Aviv District Court ruling that Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) infringed the terms of a license from Proneuron Biotechnologies, and that the intellectual property rights should be restored to Proneuron immediately. Teva was also ordered to pay costs of about $100, 000.
The judge found that “Teva made a mistaken professional decision and embarked on an efficacy trial that was not well planned, since it ought to have given greater weight to the pre-clinical findings and to have examined their significance further before starting a clinical trial.”… [READ MORE]
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Published by Globes [online], Israel business news – www.globes-online.com