Stock Analysts

Mallinckrodt to Sell Intrathecal Therapy Business for $203M

Mallinckrodt plc MNK , entered into an agreement with the Piramal Enterprises Limited's subsidiary, Piramal Critical Care in the U.K., to sell its Intrathecal Therapy business for approximately $203 million. Mallinckrodt’s share price declined 24.0% in the past one year, compared with the Zacks classified Medical-Generics Drugs industry’s fall of 33%. Coming back to the latest news, we note that Intrathecal Therapy business markets products for the treatment of spasticity via intrathecal (spinal column) drug delivery. […]

Stock Analysts

Apple Reports Big Earnings Beat, Plus EA and Arconic

Apple Inc. AAPL put an old-school beat-down on Q1 2017 estimates from the Zacks consensus: $3.36 per share on sales of $78.4 billion easily topped the #3.22 per share and $76.93 billion expected. iPhone sales totaled 78.3 million in the quarter, ahead of the 77.3 million in the company's unit guidance. […]

Stock Analysts

Endo’s (ENDP) Ephedrine Sulfate Injection Gets FDA Approval

Endo International plc ENDP announced that Par Pharmaceutical has received final approval from the FDA regarding its New Drug Application (NDA) for ephedrine sulfate injection. Ephedrine sulfate is administered parenterally as a pressor agent to address clinically important hypotension in surgical settings. Shares of Endo have underperformed the Zacks classified Medical-Drugs industry in the past one year. […]

Stock Analysts

Will AT&T (T) Beat Other Carriers to 5G Launch This Year?

In the field of communications and technology, 5G marks a revolution. All through 2016, news poured in about the launch of the 5G wireless network and commercial handsets by different wireless carriers from 2017. Notable among the carriers that are gearing up for their 5G launch this year are Verizon Communications Inc. […]

Mergers & Acquisitions

PMBC Group Acquires Entertainment-Tech Agency ESSE PR, Acquisition Bolsters PMBC’s Position as Leading Technology Firm

PMBC Group Acquires Entertainment-Tech Agency ESSE PR, Acquisition Bolsters PMBC’s Position as Leading Technology Firm PR Newswire LOS ANGELES, Jan. 31, 2017 LOS ANGELES , Jan. 31, 2017 /PRNewswire-iReach/ — Technology PR agency PMBC Group today announced its acquisition of ESSE PR , an award-winning independent agency servicing Los Angeles and San Francisco -based startups. […]