The medtech industry’s stocks rose higher than they ever had to begin last week before eventually dropping to a slightly more normal level. MassDevice‘s MedTech 100 index ended the week (Feb. 19) at 108.72 points, marking a -1.7% dip from the 110.63-point mark set at the end of the previous week (Feb. 12). On Monday (Feb. […]
Retractable Technologies Inc.
Retractable Technologies lands $54.2M federal contract for syringes
Retractable Technologies (NYSE:RVP) announced that it received a government contract worth more than $54.2 million for its syringes. Little Elm, Texas-based Retractable Technologies’ contract and purchase order was made by the U.S. Health & Human Services Dept. (HHS) with a base price of $54,217,800 for a five-month period between Feb. 15, 2021, and July 14, 2021. […]
Retractable Tech buries the hatchet with Becton Dickinson
Retractable Technologies (NYSE:RVP) said this week it inked a settlement deal with Becton Dickinson (NYSE:BDX) to resolve a long-running suit claiming BD engaged in false advertising, according to an SEC filing. Little Elm, Texas-based Retractable Tech said the newly settled case was filed in 2007, when Retractable Tech filed a suit against BD claiming violations of antitrust […]
Appeals court upholds BD win in Retractable Technologies case
A federal appeals court this week upheld a ruling that Becton Dickinson (NYSE:BDX) owes nothing more in a long-running false advertising claims case brought by Retractable Technologies (NYSE:RVP). The dispute dates back to 2001, when Little Elm, Texas-based RTI sued BD for patent infringement; that case settled for $100 million in 2004. RTI sued again barely three years […]
Texas federal court denies Retractable Tech’s appeal in false advertising case against BD
Retractable Technologies (NYSE:RVP) said late last week that the US District Court for the Eastern District of Texas denied its motion to appeal a judgement that found Becton Dickinson (NYSE:BDX) owed nothing in an ongoing false advertising claims case. Retractable Technologies sought to amend a judgement from August which ruled that nemesis BD owed nothing for making false […]
Retractable Tech to appeal verdict in BD false advertising case
Retractable Technologies (NYSE:RVP) said late last week it is looking to appeal a decision in a false advertising case against Becton Dickinson & Co. (NYSE:BDX) after a judge last month ruled in BD’s favor. The company said it also filed a motion to alter or amend the judgement which ordered that the company take nothing in its […]
Founder & CEO buy adds $570k to Retractable Technologies stake
Retractable Technologies‘ (NYSE:RVP) founder & CEO, Thomas Shaw, bought 1 million shares of common stock in the company at 57¢ apiece, according to a regulatory filing. The move comes just days after a federal appeals court ruled that Becton Dickinson & Co. (NYSE:BDX) owes nothing in a case brought by the Little Elm, Texas-based company. That news sent […]
Judge: BD owes nothing in Retractable Technologies false advertising case
Retractable Technologies (NYSE:RVP) shares are off more than -50% since a federal court last week ruled that nemesis Becton Dickinson & Co. (NYSE:BDX) owes nothing for making false advertising claims about its syringes. The dispute dates back to 2001, when Little Elm, Texas-based RTI sued BD for patent infringement that settled for $100 million in 2004. RTI sued again […]
Supreme Court declines review of Retractable Tech case against BD
Retractable Technologies (NYSE:RVP) said on Monday that the US Supreme Court denied its request to review an overturned $352 million anti-trust win over Becton Dickinson (NYSE:BDX). With the ruling, the case goes back to the Eastern District of Texas, where it was sent by the Fifth Circuit Court of Appeals, for a redetermination of the amount of damages to […]
Retractable Technologies seeks Supreme Court review of BD decision
Retractable Technologies (NYSE:RVP) said today it filed a petition for a write of certiorari with the US Supreme Court to review an overturned its $352 million anti-trust win over Becton Dickinson (NYSE:BDX). The decision from the federal appeals court in December sent Retractable Technology shares plummeting, down nearly 50% after the ruling was released. A 3-judge panel of […]
UPDATE: Retractable Technologies plummets after appeals court tosses $352m win over Becton Dickinson
Updated with comment from Retractable Technologies Shares in Retractable Technologies (NYSE:RVP) lost nearly half their value last week after a federal appeals court overturned its $352 million anti-trust win over Becton Dickinson (NYSE:BDX). A 3-judge panel of the U.S. Court of Appeals for the 5th Circuit ruled Dec. 2 that RTI’s claim that BD violated a section […]
