First Commonwealth Financial Q2 EPS Beats as Revenues Meet Views

First Commonwealth Financial Q2 EPS Beats as Revenues Meet Views

First Commonwealth Financial said Wednesday its Q2 adjusted diluted earnings were $0.21 per share, up from $0.14 per share a year ago. Analysts polled by Capital IQ had expected earnings of $0.19 per share. The company reported revenue, as a combination of net interest income and non-interest income, of $76.7 million, compared with $64.6 million in the same period a year ago, which was about in line with the $76.9 […]

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Fairmount Santrol Secures Lease in Permian Basin

Fairmount Santrol Secures Lease in Permian Basin

Fairmount Santrol Holdings, a provider of sand-based proppant, said Monday that it has entered into a 40-year lease agreement for approximately 3,250 acres of sand reserves located in Winkler County, Texas. in the Permian Basin. The reserves contain approximately 165 tons of fine-grade 40/70 and 100 mesh sand. The company said it intends to build a mine and processing facility on the land with approximately 3 million tons of proppant […]

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Ironwood Pharmaceuticals Reports Positive Results from Trial

Ironwood Pharmaceuticals Reports Positive Results from Trial

Ironwood Pharmaceuticals shares were up almost 4% pre-market Thursday after the company reported positive top-line data from a phase 2b clinical trial evaluating IW-3718 in adult patients with uncontrolled gastroesophageal reflux disease (GERD). The company said the trial met its primary endpoint, indicating that twice-daily, oral dosing of IW-3718 1500 mg plus a proton pump inhibitor (PPI) significantly reduced heartburn severity in patients with uncontrolled GERD compared to patients treated […]

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Cymabay Therapeutics Reports Positive Results from Study

Cymabay Therapeutics Reports Positive Results from Study

Cymabay Therapeutics (CBAY) has reported positive interim results from its ongoing low-dose phase 2 study of seladelpar in patients with primary biliary cholangitis (PBC), a life-threatening liver disease. In the first part of the study, patients received either 5 mg or 10 mg of seladelpar once-daily. A planned interim analysis of the first 24 patients enrolled in these two dose groups demonstrated after 12 weeks of treatment a significant alkaline […]

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Abbott Laboratories To Commercialize Diabetes Treatments With Bigfoot Biomedical

Abbott Laboratories To Commercialize Diabetes Treatments With Bigfoot Biomedical

Abbott Laboratories said Thursday it has agreed with privately-held Bigfoot Biomedical to develop and commercialize patient diabetes management systems, integrating Abbott’s glucose sensing technology with Bigfoot’s insulin delivery systems. No terms disclosed. The company said the results of the collaboration should make managing diabetes less difficult for patients. Abbott will provide Bigfoot with the next generation of glucose sensing technology, which Bigfoot will utilize in insulin delivery systems that do […]

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Getty Realty Seals Lease-Back Deal

Getty Realty Seals Lease-Back Deal

Getty Realty announced late Monday an acquisition lease-back transaction with a US unit of Applegreen for 42 properties in Columbia, South Carolina. Under the terms of the deal, Getty Realty will acquire stakes in 38 fee simple and four leasehold properties for $70.1 million and will simultaneously enter into a lease with Applegreen covering all of the properties. The properties consist of 34 gasoline stations and convenience stores and eight […]

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Summit Midstream Partners Signs Development Deal

Summit Midstream Partners Signs Development Deal

Summit Midstream Partners, LP has signed an agreement with XTO Energy Inc. to develop, own and operate a new associated natural gas gathering and processing system in New Mexico. Summit will initially construct a gathering and processing system with high and low pressure gathering and discharge pipelines, two compressor stations and a cryogenic processing plant with 60 million cubic feet per day (“MMcf/d”) of processing capacity. The initial phase of […]

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Aussie Dollar Hits Fresh Lows

Aussie Dollar Hits Fresh Lows

The Aussie dollar has posted fresh lows versus the dollar, and a number of other currencies. AUD/USD and AUD/JPY have both logged an intraday lows at 0.7580 and at 85.73, respectively, with both coming within a few pips of their respective 11- and 9-day lows that were posted yesterday. EUR/AUD is trading in one-month high territory, with the cross up 0.7% on the day (which, along with EUR/JPY, is the […]

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