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United Airlines Shares Drop

United Airlines Shares Drop

April 11, 2017 at 11:39 am 0 comments

Shares of United Continental Holdings, an airline holding company, fell nearly 4% as the fallout from a videotape showing a passenger being forcibly removed from the plane continued to reverberate. The company was vilified on social media Monday, and is facing further backlash after CEO Oscar Muniz’s letter defending employees was labeled “tone deaf” by the New York Post. MunozRead More

Anthera Pharmaceuticals Completes Dosing in Phase 2

Anthera Pharmaceuticals Completes Dosing in Phase 2

April 10, 2017 at 11:31 am 0 comments

Anthera Pharmaceuticals has completed patient dosing in its randomized, double-blind, placebo controlled, phase 2 BRIGHT-SC study of blisibimod in patients with IgA nephropathy (IgAN), the company said Monday. Shares were up 8.7% or three cents in recent pre-market trade. IgA nephropathy (IgAN, also known as Berger’s disease) is the most common cause of primary glomerulonephritis worldwide, occurring more frequently inRead More

Flexion Therapeutics Drops

Flexion Therapeutics Drops

April 7, 2017 at 3:05 pm 0 comments

Flexion Therapeutics shed almost 4% after Raymond James reportedly said the company’s naming Yamo Deniz, a former Sanofi (SNY) executive, as its chief medical officer as a sign rumors Sanofi was interested in Flexion were false. Two weeks ago, FiercePharma reported the board of Flexion had voted to accept a non-binding offer from Sanofi that valued the Flexion at aRead More

Visa Says Checkout Service Reaches Milestone

Visa Says Checkout Service Reaches Milestone

April 6, 2017 at 11:47 am 0 comments

Visa shares were slightly lower Thursday morning after the credit card company said its Visa Checkout service reached a milestone of more than 20 million enrolled customers. Visa Checkout is a service that enables consumers to pay on any internet-connected device with some of the world’s top merchants, the company noted. Visa also said that Visa Checkout will continue toRead More

KVH Industries Wins Contract

KVH Industries Wins Contract

April 5, 2017 at 11:53 am 0 comments

KVH Industries, a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users, said Wednesday that it has received a $3.5 million order for its TACNAV tactical navigation systems for use by an unnamed international military customer. The TACNAV military vehicle navigation systems provide unjammable precision navigation, heading, and pointing data for vehicle drivers,Read More

Diffusion Pharma Secures U.S. Patent

Diffusion Pharma Secures U.S. Patent

April 4, 2017 at 10:58 am 0 comments

Diffusion Pharmaceuticals gained in premarket trading after the clinical stage biotechnology company, said a key patent has been issued by the U.S. Patent and Trademark Office (USPTO) for its lead drug candidate trans sodium crocetinate (TSC). Shares rose as much as 25%. The U.S. patent was entitled “Bipolar Trans Carotenoid Salts and Their Uses.” It expands coverage of the therapeuticRead More

Ares Management Establishes Development Capital Resources

Ares Management Establishes Development Capital Resources

April 3, 2017 at 5:09 pm 0 comments

Ares Management L.P, an alternative asset manager, said Monday that it has formed Development Capital Resources, an oil and gas company focused on providing development capital to North American exploration and production operators. Development Capital, backed by funds managed by Ares Management, will identify opportunities to partner with existing operators throughout North America to help them accelerate growth through theRead More