ArQule Gets U.S. Patent

ArQule Gets U.S. Patent

ArQule said pre-market Wednesday that the U.S. Patent and Trademark Office has issued U.S. Patent on composition of matter of ARQ 531. ArQule will be entitled to patent protection through December 2035 in the U.S. for the allowed claims. ARQ 531 is an investigational, orally bioavailable, potent and reversible inhibitor of both wild type and C481S-mutant Bruton’s tyrosine kinase (BTK). The company plans to begin a phase 1 clinical trial […]

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Verizon Signs Purchase Deal with Corning

Verizon Signs Purchase Deal with Corning

Verizon Communications said Tuesday that it has signed a three-year minimum purchase agreement for Corning Incorporated (GLW) to provide it with fiber optic cable and associated hardware. Under the deal, Corning will provide up to 20 million kilometers of optical cables each year to Verizon, with a minimum purchase commitment of $1.05 billion. The New York-based telecom said it has launched its One Fiber service in Boston in an initial […]

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Sanderson Farms Enters Into Poultry Processing Deal

Sanderson Farms Enters Into Poultry Processing Deal

Sanderson Farms said Monday that it signed an agreement to continue processing chickens grown by House of Raeford Farms at the company’s poultry processing facility in St. Pauls, North Carolina. House of Raeford Farms operates poultry grow-out operations and processing facilities in four southeastern states. Its Teachey, North Carolina facility has been severely damaged by a fire in late February. Under the terms of the deal, the company will purchase, […]

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European ADRs Move Lower

European ADRs Move Lower

American depository receipts of European stocks were 0.48% lower at 126.07 on the Bank of New York Mellon Europe ADR Index on Thursday morning. Decliners in Continental Europe were led by Sequans Communciations (SQNS), a semiconductor solutions company, 2.2% lower, followed by Telecom Italia – Savings (TI.A), 1.7% lower and Banco Santander (SAN), also 1.7% lower. CGG (CGG), a manufacturer of geophysical equipment, was 1.6% lower. In the UK, Midatech […]

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Acasti Pharma to Present Study

Acasti Pharma to Present Study

Acasti Pharma said Wednesday it will present a study of CaPre, a purified omega-3 phospholipid concentrate derived from krill oil, which is being developed to treat people with severe hypertriglyceridemia, a metabolic condition that contributes to increased risk of cardiovascular disease and pancreatitis. Acasti has completed two phase 1 and two phase 2 clinical trials with CaPre for the treatment of hypertriglyceridemia, The outcome of a recent end-of-phase 2 meeting […]

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Catalyst Biosciences Shares Rise

Catalyst Biosciences Shares Rise

Catalyst Biosciences said Tuesday that the completion of the CB 2679d/ISU304 toxicology studies supported the recent investigational new drug approval by the Korean Ministry of Food and Drug Safety, marking a milestone to advance the Factor IX program towards its first human clinical trial. Catalyst believes that CB 2679d/ISU304, a coagulation Factor IX variant, may allow for subcutaneous prophylactic treatment of individuals with hemophilia B. It has demonstrated the potential […]

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Timmins Gold Gets Environmental Approval For Ana Paula Project

Timmins Gold Gets Environmental Approval For Ana Paula Project

Timmins Gold Corp. said pre-market Monday that it secured authorization in Mexico for its Ana Paul project located in Guerrero. The gold mining firm said Mexican regulator Semarnat outlined environmental protection programs that are required during construction of the project, which are in-line with expectations. CEO Greg McCunn said the company expects “to publish our Pre-Feasibility Study for the project later this quarter which will substantially improve upon our confidence […]

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Financial Stocks Slipping Into the Close

Financial Stocks Slipping Into the Close

Financial stocks were narrowly lower shortly before tonight’s closing bell, with the NYSE Financial Sector Index dropped nearly 0.3% while financial companies in the S&P 500 Index were falling almost 0.4%. In company news, Net 1 UEPS Technologies (UEPS) rose Friday after the electronic payments processor last night said it was splitting its CEO and board chairman roles and named long-time independent director Christopher Seabrooke to be its next chairman […]

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Valspar Hikes Packaging Prices in Americas and Europe

Valspar Hikes Packaging Prices in Americas and Europe

Valspar said Thursday that it will implement a price increase in the Americas and Europe due to rise in raw material costs. The price adjustment took effect on April 1, or as contracts and agreements allow. “Oil prices have nearly doubled in the last year and a high compliance rate among OPEC and non-OPEC nations on crude output cuts have outweighed US output and are leading to a deficit market. […]

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Greenbrier Companies Reports Fiscal Q2 Beat

Greenbrier Companies Reports Fiscal Q2 Beat

Greenbrier Companies shares were higher nearly 6% in pre-market trade Wednesday after the company reported fiscal Q2 results, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2017 in line with forecasts. For the quarter ended Feb. 28, the designer, manufacturer and marketer of railroad freight car equipment posted earnings of $1.09 per share, compared with the prior-year period’s $1.41 per share. Analysts polled by […]

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