BUZZ-Tandem climbs on $36 million settlement agreement with Roche
Reuters
May 24
BUZZ-Tandem climbs on $36 million settlement agreement with Roche
** Shares of medical device maker Tandem Diabetes Care TNDM.O rise 3.8% to $21.50 in extended trading
** Company says it entered into a settlement agreement with Roche ROG.S to resolve patent disputes related to TNDM's insulin pump, t:slim X2
** TNDM will pay Roche $36 million over a five-year period, with an initial payment of $8 million as part of the settlement
** Up to last close, TNDM down 42.5% YTD
(Reporting by Christy Santhosh)
((Christy.Santhosh@thomsonreuters.com))
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