This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AstraZeneca Wins Patent Protection on Seroquel: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet Friday include AstraZeneca (AZN - Get Report) after the company won a U.S. court ruling protecting its patent on the extended release version of Seroquel, its successful drug for the treatment of bipolar disorder.

The ruling will protect Seroquel from generic competition until a patent expires in 2017. The court also ruled that Anchen Pharmaceuticals, Osmotica Pharmaceutical Corp., Torrent Pharmaceuticals Ltd., Torrent Pharma Inc., Mylan Pharmaceuticals Inc. and Mylan Inc. have infringed on AstraZeneca's patent.

Seroquel is the company's second-largest brand.


Apple (AAPL - Get Report) is trending as the tech titan and its manufacturing supplier Foxconn have agreed to take on violations of working conditions in China.

Violations were found among the workplaces of 1.2 million workers assembling iPhones and iPads in the country. Foxconn now intends to hire tens of thousands of new workers, eliminate illegal overtime, increase safety measures and upgrade workers' housing.

The move comes after a probe by the Fair Labor Association, which found many violations of labor law. Apple agreed to the investigation, in hopes of assuaging criticism the company received about its treatment of Chinese workers.


PetroChina (PTR - Get Report) is a popular search after the 13-year old Chinese upstart unseated Exxon Mobil (XOM - Get Report) as the world's biggest publicly traded producer of oil.

PetroChina said it pumped 2.4 million barrels a day in 2011, exceeding Exxon by 100,000. In addition, PetroChina's output increased 3.3% last year, while Exxon's dropped 5%. PetroChina has experienced considerable growth from maximizing the oil it pumps from its reserves in China, as well as acquiring new reserves in Iraq, Australia, Qatar, Africa and Canada.

The company was started by the Chinese government, which currently owns 86% of its stock, in an effort to secure more oil for the country.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $110.37 -1.75%
AZN $32.24 1.77%
PTR $78.43 0.47%
XOM $73.79 0.76%
FB $88.15 -1.94%

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs