NewsRoom Articles - Page 690 of 692

ThursdayJul 21, 2016 12:27 pm

FDA grants Breakthrough Therapy Designation to AveXis’ (AVXS) AVXS-101 Gene Therapy for Pediatric Spinal Muscular Atrophy Type 1

AveXis, Inc. (NASDAQ: AVXS), a clinical-stage gene therapy biotech company focused on developing gene therapy for patients with rare and life-threatening neurological genetic diseases, announced on Wednesday, July 20, 2016, that the U.S. Food and Drug Administration has granted Breakthrough Therapy Designation to AVXS-101, its proprietary gene therapy candidate for the treatment of pediatric spinal muscular atrophy (SMA) Type 1. AVXS-101 had previously been granted orphan drug designation for the treatment of all types of spinal muscular atrophy (SMA) and Fast Track designation for the treatment of SMA Type 1. Breakthrough Therapy Designation is given to a drug intended alone or…

WednesdayJul 20, 2016 3:11 pm

SolarCity Corp. (SCTY) Adds $345 Million in Tax Equity to Fund Solar Projects

In a recent news release, SolarCity Corp. (NASDAQ: SCTY) announced the addition of $345 million in tax equity to its coffers through deals with four separate partners executed in June and July. These financing facilities will cover the capital cost of new equipment and installations, effectively allowing customers to pay less for solar power than they would for grid power. In addition to these new funds, SolarCity also increased its existing debt aggregation facility by $110 million, bringing the total to $760 million. To date, the company’s capital markets team has successfully raised more than $1.5 billion in project financing…

WednesdayJul 20, 2016 3:03 pm

SoftBank (SFTBY) to Acquire ARM Holdings (ARMH) for $31.4 Billion

SoftBank Group (“SoftBank”) (OTC: SFTBY) and ARM Holdings plc (“ARM”) (NASDAQ: ARMH) have announced agreement on the terms of a recommended acquisition by SoftBank of the entire issued and to be issued share capital of ARM for cash. The acquisition may be executed by SoftBank, or, at Softbank’s election, a wholly-owned subsidiary of SoftBank. Under the acquisition agreement, each ARM shareholder will be offered 1,700 pence (UK) in cash for each share held. The offer price of 1,700 pence corresponds to an acquisition premium of about 43.0 percent to ARM’s closing price, on Friday, July 15, 2016, of 1,189 pence.…

WednesdayJul 20, 2016 8:30 am

Ballard Power Systems (BLDP) Enters Definitive Agreement for Production of Fuel Cell Stacks in Guangdong, China

In a recent news release, Ballard Power Systems (NASDAQ: BLDP) announced its entry into definitive agreements with China’s Guangdong Nation Synergy Hydrogen Power Technology Co. Ltd. (“Synergy”) for the establishment of an FCvelocity®-9SSL fuel cell stack production operation in the City of Yunfu, which is located in Guangdong Province. The resulting fuel cell stacks will be packaged directly into locally-assembled fuel cell engines and integrated into zero-emission buses and commercial vehicles operating throughout China. Subject to closing, this transaction is expected to offer a minimum value of $168 million to Ballard over a period of five years. Ballard will receive…

TuesdayJul 19, 2016 5:19 pm

Content Checked (CNCK) App Highlighted in Energy Times Magazine

The June issue of Energy Times Magazine gave readers a look into the potential health benefits associated with use of the SugarChecked app from Content Checked Holdings, Inc. (OTCQB: CNCK). The publication’s editor gave SugarChecked a stellar review, noting its utility as a tool to manage obesity, type 2 diabetes, and metabolic syndrome. “If you’re looking to lose weight, one way is to avoid sugar,” reads Energy Times’ June ‘Wellness Watch’ spotlight. “It isn’t always easy to find added sweetness in packaged foods, though, given that there are dozens of ways to say “sugar” on food labels. One way to…

TuesdayJul 19, 2016 3:48 pm

Liberty Interactive Corp. Continues To Deliver On Debentures

Liberty Interactive Corp. (NASDAQ: QVCA, QVCB, LVNTA, LVNTB) has developed deep roots throughout the video and digital commerce industries, having grown into one of the largest and most well-known players in the game today on the strength of its two core tracking stock groups, QVC Group (QVCA, QVCB) and Liberty Ventures Group (LVNTA, LVNTB). QVC, as readers likely already know, is one of the top global names in video and digital retailing, with its curated collections of brands. QVC Group also owns a sizeable stake in interactive multi-channel retailer HSN (NASDAQ: HSNI) at around 38 percent, as well as wholly…

TuesdayJul 19, 2016 2:49 pm

eXp World Holdings, Inc. (EXPI) Shares Underlying Technology with Pokémon GO

Since its release on July 6, 2016, Pokémon GO, the free-to-play location-based augmented reality mobile game from Niantic, has taken the world by storm. Within days, the game became one of the most widely used smart device apps in history, with far-reaching effects spanning into the financial sector. Nintendo (OTC: NTDOY) saw its stock price nearly doubling before closing at its highest level since 2010 last Friday, while Zagg, Inc. (NASDAQ: ZAGG) benefitted from its recent acquisition of a smartphone battery case manufacturer on its way to a 27 percent jump in stock price in just over a week. One…

TuesdayJul 19, 2016 2:49 pm

Singlepoint, Inc. (SING) Offers Update on Progress toward Uplisting

Before the opening bell, Singlepoint, Inc. (OTC: SING) gave prospective shareholders an update on its progress toward uplisting to the OTCQB Venture Market. MaloneBailey, a market-leading accounting firm delivering audit services to high-quality small and middle-market private and public companies, is rapidly approaching the completion of its audit for Singlepoint’s Form 10, which is required for the company to move forward with plans to become a fully reporting entity. Singlepoint announced the completion of an audit of its financial statements for the two years ended December 31, 2014, in early May before commencing an audit of its 2015 results. Last…

MondayJul 18, 2016 3:43 pm

Laguna Blends, Inc. (CSE: LAG) (LB6A.F) (OTC: LAGBF) Highlights Recent Milestones Related to Growth Strategy

Before the opening bell, Laguna Blends, Inc. (OTC: LAGBF) issued a news release recapping some of its recent milestones related to its planned entry into the $121 billion global skin care industry. The most recently announced milestone related to this goal was the company’s entry into a non-binding letter of intent to acquire the exclusive license brand name and existing inventory of CannaCeuticals of California, USA (“Canna”), which was originally announced in a news release issued on July 7. Under the terms of this agreement, Laguna will receive an exclusive license to sell Canna’s cannabidiol (CBD) skin care products in…

MondayJul 18, 2016 3:21 pm

Itron, Inc. (ITRI) Settles Patent Litigation Claims

Late last week, Itron, Inc. (NASDAQ: ITRI) announced an agreement to settle outstanding patent litigation claims brought against the company by TransData, Inc. As a result of this settlement, the two parties will dismiss all litigation claims related to TransData’s intellectual property, meaning that Itron and its customers will not be subject to any additional infringement claims in connection with these patents. The financial terms of this settlement were not disclosed. In a statement issued by the company regarding the agreement, management pointed out Itron’s sizable intellectual property portfolio before turning their attention toward the future. The provided statement reads:…