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Chemours: Q2 Earnings Snapshot

Chemours: Q2 Earnings Snapshot FacebookTwitterEmail WILMINGTON, Del. (AP) Chemours Co. (CC) on Thursday reported second-quarter net income of $66 million. On a per-share basis, the Wilmington, Delaware-based company said it had profit of 39 cents. Earnings, adjusted for non-recurring costs, came to $1.20 per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. The chemical company posted revenue of $1.66 billion in the period. Chemours shares have risen 33% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.89, an increase of 77% in the last 12 months.

Federal Circuit Dismisses Claim of Blocking Patent, Reverses PTAB

Wednesday, July 28, 2021 After trying to untie the Gordian knot of patent eligibility, it is almost IP comfort food to read a Fed. Cir. decision that deals with obviousness. In Chemours Co. FC, LLC v Daikin Industries, Ltd., Appeal Nos. 2020-1289 and 2020-1290 (Fed. Cir., July 22, 2021) a split panel of Reyna (writing) and Newman (Happy Birthday!) with Dyk dissenting, reversed a PTAB final written decision that a co-polymer useful for coating cables at high extrusion speeds (30 +/- 3 g/10 minutes) is obvious. Claim 1 of U.S. Pat. No. 7,126,609 reads: “1. A partially-crystalline co-polymer comprising tetrafluoroethylene [TFE],[and] hexafluoropropylene [HFP] in an amount corresponding to a [HFP] index (HPI) of from about 2.8-5.3…and having a melt flow rate of within the range of about 30 +/- 3g/10 min….”

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