Sun Pharma in focus after unit files patent case against German firm

Sun Pharmaceutical Industries said that its wholly-owned subsidiary, DUSA Pharmaceuticals, filed trade secret misappropriation and tortious interference claims in an ongoing patent infringement lawsuit against Biofrontera Inc., Biofrontera Bioscience GmbH, Biofrontera Pharma GmbH, and Biofrontera AG in the United States District Court for the District of Massachusetts. The announcement was made after market hours yesterday, 11 July 2018.

The lawsuit alleges patent infringement of DUSA's patents covering DUSA's product, Levulan and Kerastick (aminolevulinic acid HCl) for topical solution, 20% used with DUSA's BLU-U Blue Light Photodynamic Therapy Illuminator. DUSA additionally alleges that the Biofrontera defendants misappropriated confidential and trade secret information from DUSA and improperly obtained confidential DUSA information from former DUSA employees to sell and market defendants' own products. The lawsuit seeks an assessment of both damages and injunctive relief against the Biofrontera defendants.

The patents-in-suit concern an apparatus and method for "photodynamic therapy" (or "PDT") and equipment for PDT. The photodynamic therapy, pioneered by DUSA, combines a drug with a light source to treat disease conditions. The product was launched by DUSA in September 2000 in the US.

Coffee Day Enterprises announced that its material subsidiary, Coffee Day Global (CDGL), has entered in to an agreement with UBER Portier.B.V wherein CDGL is partnering with UBER for obtaining technology services through the 'UberEats' mobile application in order to enable distribution of food products. This may help to augment the retail sale. Tenure for the contract shall be for a period of 5 years. The announcement was made after market hours yesterday, 11 July 2018.

Power Grid Corporation of India announced that its wholly-owned subsidiary, Powergrid Warora Transmission, secured through tariff based competitive bidding (TBCB), has successfully put the elements into commercial operation progressively from November 2016 and the entire project put into commercial operation by 10 July 2018. The announcement was made after market hours yesterday, 11 July 2018.

Omaxe said it has executed a concession agreement with North Delhi Municipal Corporation (North DMC) on 10 July 2018 for the redevelopment/reconstruction of multi level car parking at Gandhi Maidan, Delhi. The announcement was made after market hours yesterday, 11 July 2018.

Shree Ajit Pulp And Paper has received a export order for supply of 1240 MT kraft paper valued approximately Rs 4.06 crore, which will be executed up to 15 August 2018. The announcement was made after market hours yesterday, 11 July 2018.

Satin Creditcare Network said its board approved the proposed transfer of the company's MSME business to wholly-owned subsidiary (WOS) upon its incorporation and registration of such WOS as a non-banking financial company with Reserve Bank of India. Incorporation of the wholly owned subsidiary of the company, subject to necessary approvals. Further, the board also approved acquisition of 11.05 lakh equity shares of Taraashna Services (a subsidiary of Satin Creditcare Network) by the company from MV Mauritius (an existing shareholder of Taraashna Services) that would result in Taraashna Services becoming a wholly owned subsidiary of the company. The announcement was made after market hours yesterday, 11 July 2018.

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