Retractable Technologies prevails in Becton, Dickinson litigation, shares skyrocket

|About: Retractable Technologies, Inc (RVP)|By:, SA News Editor

Make no mistake: It's a good day to be long Retractable Technologies (RVP).

After a protracted legal battle, a jury returned a favorable verdict Thursday in litigation against Becton, Dickinson (BDX).

RVP accused BDX of attempting to monopolize the safety syringe market.

RVP is awarded $113.5M in compensatory damages. (PR)

The market reaction: RVP +141% premarket