Month: June 2015

Celldex Therapeutics, Inc. CLDX announced that an independent Data Safety and Monitoring Board (DSMB) completed its first pre-specified review of a phase III study (ACT IV) on Rintega (rindopepimut) and recommended the continuation of the study in patients with newly diagnosed glioblastoma. The randomized, double-blind, placebo controlled study on Rintega plus granulocyte-macrophage colony-stimulating factor (GM-CSF) added to standard-of-care treatment like Merck’s MRK Temodar (temozolomide) is being conducted in patients with newly diagnosed, surgically resected, EGFRvIII-positive glioblastoma. […]

A Lockheed Martin Corp. LMT unit, Lockheed Martin Aeronautics Co., of Fort Worth, TX, won a contract from the U.S. […]

Facebook, Inc. FB unveiled its plans to open an ad sales office in Johannesburg, South Africa. […]

EniSpA E has recently entered into an agreement with KazMunayGas. The agreement outlines the commercial terms per which, 50% of the subsoil use rights in the Isatay block of the Caspian Sea will be transferred to Eni. The Isatay block is estimated to hold considerable potential oil resources. […]

Western Union Co. WU is on track with its expansion plans in Mexico. In this regard, the company has entered into an agreement with state-owned Banco del Ahorro Nacional y Servicios Financieros, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo or BANSEFI. […]

The Walt Disney Company DIS has decided to merge two of its units to effectively cater to the tech-savvy consumer preferences these days. The Consumer Products and Interactive divisions will be fused together to form Disney Consumer Products and Interactive Media (DCPI) division. The company will report under the new structure from fiscal 2016. […]

BioMarin Pharmaceutical Inc . BMRN announced that its New Drug Application for drisapersen has been accepted for review by the FDA for the treatment of Duchenne muscular dystrophy (DMD) amenable to exon 51 skipping. The FDA granted a priority review status to drisapersen – a final response from the agency should be out by Dec 27, 2015 […]

Sarepta Therapeutics, Inc. SRPT came up with two important corporate announcements – completion of a rolling submission of the new drug application (NDA) for eteplirsen and securing $40 million in debt financing. […]

Kellogg Company K recently introduced a number of products, which include new versions of popular breakfast options as well as cereals. The company has introduced more than 40 items which are already available at retailers nationwide. The company introduced New KelloggsUS Origins cereal, granola and muesli, CheezIt Extra Toasty crackers, SpecialKUS and Nutri-Grain multi-stage breakfast that offer more tasty and healthy options. […]

AMAG Pharmaceuticals, Inc. AMAG was down 4.6% after the company announced that it has entered into a definitive agreement to acquire the leading global stem cell collection and storage company, Cord Blood Registry. The transaction is valued at $700 million and is expected to close in the third quarter of 2015 […]

Owned by Comcast Corp. CMCSA , Universal Pictures’ latest release “ Jurassic World ” achieved a milestone by collecting nearly $1.246 billion worldwide within a short 17 days of release. […]

The world's largest Internet retailer, Amazon.com, Inc. AMZN has added a new social reading feature — Instant Preview — to its Kindle app on Google’s GOOGL Android platform, to cash in on the increasing popularity of electronic gadgets. The updates will be available on Kindle e-readers, including the recently launched New Kindle Paperwhite, and other devices later this year. […]

We updated our research report on Moody’s Corp. MCO on Jun 29. Moody’s reported strong first-quarter 2015 results. […]

Pipeline operator Magellan Midstream Partners L.P. MMP announced that it has formed a joint venture (JV) with global provider of bulk liquid storage solutions – LBC Tank Terminals, LLC. The 50-50 JV – Seabrook Logistics, LLC – will own and operate oil storage and pipeline assets in the Houston Gulf Coast region […]