On Wednesday, Teladoc Inc (NYSE:TDOC)’s shares inclined 6.14% to $22.29.
This week the U.S. Patent & Trademark Office (PTO) agreed to move forward with Teladoc’s (TDOC) case to invalidate a patent held by rival American Well Corporation. The PTO’s order to proceed with the case, issued September 14, noted that Teladoc has a “likelihood” of prevailing.
In March 2015, Teladoc requested the PTO review and invalidate a patent held by American Well regarding the practice of telemedicine. Teladoc maintains that American Well’s claims of being ‘first-to-market’ are demonstrably false due to the fact that Teladoc and others were providing telehealth services long before American Well was even formed as a company. In addition, Teladoc has noted in previous filings that “the patents in question are impermissibly broad and cover matters that are too obvious to be patented.”
The American Telemedicine Association projects there will be 800,000 telehealth consults in the U.S. in 2015; Teladoc is predictable to conduct more than 525,000 of those consults, almost twice the amount of the rest of the industry combined.
Teladoc, Inc. provides telehealth services via mobile devices, the Internet, video, and phone to clients and their customers in the United States. Its solution connects consumers with its physicians and behavioral health professionals who treat a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection, and sinusitis to dermatological conditions, anxiety, and smoking cessation.
Navistar International Corp (NYSE:NAV)’s shares gained 1.31% to $12.72.
General Motors Co. and Navistar have reached a long-term agreement to develop and assemble future medium-duty, conventional cab Class 4/5 commercial vehicles, allowing Navistar to strengthen its product lineup and GM to expand its Chevrolet commercial truck portfolio.
The future products will be jointly developed using Navistar’s expertise in rolling chassis configurations and manufacturing capabilities, and GM’s commercial components and engines. The vehicles are slated for production in 2018 and will be manufactured at Navistar’s facility in Springfield, Ohio. Navistar plans to add 300 jobs and invest more than $12 million in facility upgrades and state-of-the-art equipment to produce the new vehicles.
Specific terms of the agreement were not revealed. Additional product information will be declared later.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services.
At the end of Wednesday’s trade, Lockheed Martin Corporation (NYSE:LMT)‘s shares surged 2.38% to $207.28.
Lockheed Martin’s (LMT) Space Fence System, counting the large-scale digital radar and turn-key facility were deemed technically mature and offered evidence that all requirements will be met through the program’s Critical Design Review (CDR) conducted by the U.S. Air Force.
Government representatives met with Lockheed Martin engineers in Moorestown to review the Space Fence S-band radar system design, which will detect, track, and catalog orbital objects in space more than 1.5 million times a day to predict and prevent space-based collisions. The three-day CDR was preceded by the delivery of 21,000 pages of design documents, and an eight-day Design Walkthrough, to ensure the system will meet performance requirements. The CDR event featured the demonstration of a small-scale system built with end-item components that detected and tracked orbiting space objects.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services.
CA, Inc. (NASDAQ:CA), ended its Wednesday’s trading session with 1.75% gain, and closed at $27.30.
CA Technologies (CA) declared that IceMobile, the leading global loyalty agency and division of Alliance Data, is using CA API Administration to integrate real-time transactional data and customer relationship administration (CRM) and point of sale (POS) systems with the IceMobile Bright Loyalty Platform which delivers instant, personalized mobile offers to the customer’s mobile device. This integration puts the technical infrastructure in place for IceMobile retail customers to connect with the Bright Loyalty platform and put data analytics to use to enhance shopper engagement and customer loyalty.
IceMobile recognized it could improve its customers’ loyalty programs, drive more meaningful consumer engagement and enhance share of wallet by connecting to the rich data siloed in the retailer’s legacy IT systems. The challenge was to make the connection with minimal effort and disruption on the customers’ IT systems and staff; CA API Administration was the answer. IceMobile worked with CA’s local integration partner Enable-U to kick start the first implementation of CA API Administration on a retailer site.
CA, Inc. provides information technology (IT) administration software and solutions that assist organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally.
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