Dow Jones Newswires First to Report on Key Legal Victory for Merck as Judge Upholds Singulair Patent
31 August 2009 - 11:00PM
PR Newswire (US)
- Market-Moving News Caused Merck Shares to Surge - NEW YORK, Aug.
31 /PRNewswire/ -- On August 19, 2009, Dow Jones Newswires was
ahead of the competition in reporting that a U.S. judge had upheld
a patent for Merck's best-selling product, the asthma and allergy
medication Singulair, preventing Teva Pharmaceutical Industries
Ltd., the Israeli generics manufacturer, from selling copycat
versions in the U.S. until the expiration of patent protection in
2012. This market-moving news caused Merck's shares to climb 4.1%
on the day. Dow Jones was nine minutes ahead of Reuters and five
minutes ahead of Bloomberg - which cited Dow Jones. More than
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