Industry News

Alembic Pharmaceuticals Ltd on Friday said its net profit rose 45% in the quarter ended June on the back of a strong performance by its international formulations business. The Vadodara, Gujarat-based company posted a net profit of Rs.102 crore in the first quarter of FY17, compared with Rs.70 crore in the year-ago quarter. Revenue rose 25% to Rs.736 crore."/>
Alembic posts 45% increase in net profit [Mint, New Delhi]
Centene didn't control in the footprint of its massive campus expansion is now part of the project. Centene is now seeking development approval for the entire strip of Forsyth Boulevard between Hanley Road and Forest Park Parkway, adding the building at 7620 Forsyth, where the Wellbridge fitness club is located. The development application to the city of Clayton was updated Friday."/>
Centene to include Wellbridge building in campus expansion [St. Louis Post-Dispatch]
Cigna will continue to work with its would-be buyer Anthem as the companies seek to convince a federal judge and regulators that their merged insurance giant would not be detrimental to consumers. The CEO of Bloomfield-based Cigna, David Cordani, told analysts during an earnings call Friday that it is "clearly our intent and commitment" to continue contributing significant time and resources to work on finalizing the $54 billion acquisition by Indianapolis-based..."/>
Cigna Committed To Fighting Antitrust Lawsuit, But Keeps Options Open [The Hartford Courant]
Exact Sciences Corp. is making more stock available to the public to raise money for marketing Cologuard, the Madison company's test for colorectal cancer. Exact Sciences said it will sell 8.5 million shares of stock at $15.50 a share, in a secondary offering through underwriters Jefferies and Robert W. Baird& Co., with Canaccord Genuity as co-manager. If there is additional demand, another 1,275,000 shares will be made available, the company said."/>
BRIEF: Exact Sciences to sell more stock [The Wisconsin State Journal]
ADMA Biologics, Inc., a late-stage biopharmaceutical company that develops, manufactures and intends to commercialize specialty plasma-based biologics for the proposed treatment of immune deficiencies and prevention of certain infectious diseases, announced that the U.S. Food and Drug Administration has issued a Complete Response Letter to the Company’ s Biologics License Application for RI-002, an Intravenous Immune Globulin, for the..."/>
ADMA Biologics Receives Complete Response Letter from FDA for Pending Biologics License Application
Dycom Industries of Palm Beach Gardens is the region's top performer, rising 36 percent through the first seven months of the year. Juno Beach-based NextEra Energy had a bit of a hiccup when regulators in Hawaii rejected a merger bid there, but the utility's hefty earnings and dividend remain a draw for investors."/>
What summer lull? July a winner for some local shares [The Palm Beach Post, Fla.]
ACADIA Pharmaceuticals Inc., a biopharmaceutical company focused on the development and commercialization of innovative medicines that address unmet medical needs in central nervous system disorders, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2016 on Thursday, August 4, 2016, after the U.S. financial..."/>
ACADIA Pharmaceuticals to Announce Second Quarter 2016 Financial Results on August 4, 2016
Nightingale Informatix Corporation today announced that the filing of its audited annual consolidated financial statements as at and for the years ended March 31, 2016 and 2015, related management discussion and analysis and applicable officer certifications will, in all likelihood, be delayed beyond the statutory filing deadline of July 29, 2016.. On July 14, 2016, the Company announced that it had signed a definitive agreement, subject to..."/>
Nightingale Announces Delay in Filing Annual Materials
Cigna will continue to work with its would-be buyer Anthem as the companies seek to convince a federal judge and regulators that their merged insurance giant would not be detrimental to consumers. The CEO of Bloomfield-based Cigna, David Cordani, told analysts during an earnings call Friday that it is "clearly our intent and commitment" to continue contributing significant time and resources to work on finalizing the $54 billion acquisition by Indianapolis-based..."/>
Cigna Committed To Fighting Antitrust Lawsuit, But Keeps Options Open [The Hartford Courant]
Antibe Therapeutics Inc. filed its financial and operating results Friday, July 29 for the fourth quarter and the year ended March 31, 2016. The Corporation's audited 2016 financial statements, MD&A and AIF are available on SEDAR. Antibe develops safer medicines for pain and inflammation."/>
Antibe Therapeutics Reports 2016 Year-End Financial and Operating Results
Shire plc has been notified of an unsolicited "mini-tender" offer made by TRC Capital Corporation to purchase up to 1,000,000 American Depositary Shares of Shire, each representing three ordinary shares of Shire, at a price of $182.75 per ADS in cash. The offer is for approximately 0.33 percent of the outstanding ordinary shares of Shire."/>
Shire Recommends ADS Holders Reject TRC Capital's “Mini-Tender Offer”
Galapagos NV received a transparency notification from Federated Equity Management Company of Pennsylvania.. Pursuant to Belgian transparency legislation, Galapagos received a transparency notification on 26 July 2016 from Federated Investors, Inc. and Federated Equity Management Company of Pennsylvania, who notified that funds managed by Federated Equity Management hold 2,289,479 shares of the 46,109,508 currently outstanding..."/>
Galapagos receives transparency notification from Federated
Tokai Pharmaceuticals Inc., a biopharmaceutical company focused on developing and commercializing innovative therapies for prostate cancer and other hormonally driven diseases, today announced that it is reducing its workforce by approximately 60 percent, to a total of 10 full-time equivalent employees, under a plan expected to be largely completed by the end of the third quarter of 2016. This workforce reduction is designed to reduce operating expenses while the..."/>
Tokai Pharmaceuticals Announces Reduction in Force
Exact Sciences Corp. today announced that, in support of the Company's continued growth plans, it granted restricted stock units covering a total of 214,035 shares of common stock to 58 recently hired employees under its previously announced inducement grant program. The restricted stock unit awards vest in four equal annual installments beginning on the first anniversary of the grant date. The awards were approved by the independent..."/>
Exact Sciences Grants Inducement Restricted Stock Unit Awards to Recently Hired Employees
Helix BioPharma Corp., an immuno-oncology company developing innovative drug candidates for the prevention and treatment of cancer, today announced it has closed a private placement financing for aggregate gross proceeds of approximately CAD1.8 million. The terms of the placement are for the purchase of units at $1.46 per unit. Each unit is comprised of one common share and one common share purchase warrant."/>
Helix BioPharma Corp. Closes CAD1.8 Million Private Placement
Natera, Inc.,, a leader in non-invasive genetic testing and the analysis of circulating cell-free DNA, applauds the new guidelines just released by the American College of Medical Genetics and Genomics, supporting the use of non-invasive prenatal tests as an optimal, initial option to screen for specific genetic conditions, such as Trisomy 21 during pregnancy. ACMG is the most recent medical society to advocate for broader adoption of..."/>
Statement from the American College of Medical Genetics and Genomics Supports the Use of Non-Invasive Prenatal Testing for All Pregnant Women
Ocular Therapeutix, Inc. concerning the Company and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured investors. Ocular is a biopharmaceutical company that focuses on the development and commercialization of therapies for diseases and conditions of the eye by using its proprietary hydrogel platform technology."/>
Glancy Prongay & Murray Commences Investigation on Behalf of Ocular Therapeutix, Inc. Investors
Evoke Pharma, Inc., today announced that it has entered into definitive agreements with institutional investors for an offering of shares of common stock with gross proceeds of approximately $10 million in a registered direct offering priced at the market price. The closing of the offering is expected to take place on or about August 3, 2016, subject to the satisfaction of customary closing conditions.. In connection with the offering, the..."/>
Evoke Pharma Announces $10 Million Registered Direct Offering Priced At-The-Market
SteadyMed Ltd., a specialty pharmaceutical company focused on the development of drug product candidates to treat orphan and high-value diseases with unmet parenteral delivery needs, today announced that it has entered into definitive agreements to sell shares of its common stock and warrants to purchase shares of its common stock for aggregate gross proceeds of up to approximately $32 million in a two-tranche private placement."/>
SteadyMed Raises up to $32 Million in Private Placement
Cannabis Science, Inc., a U.S. company specializing in the development of cannabis-based medicines, is pleased to announce they will release an inhalation medication for those suffering asthma/COPD for use in patient nebulizers. This product will be offered in states where marijuana is legal on a national basis. Based on State by State laws the Company can proceed with studies in the 25+ states approved for medical marijuana, and lay the groundwork for..."/>
Cannabis Science Develops Inhalation Medication for Those Suffering Asthma/COPD via Nebulizer, Targets National Markets
Neovasc Inc. securities between January 26, 2016 and May 19, 2016, inclusive. Neovasc investors have until August 5, 2016 to file a lead plaintiff motion. Investors suffering losses on their Neovasc investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to..."/>
Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Neovasc Inc. Investors and Encourages Investors to Contact the Firm
Sunshine Heart, Inc. announced today that its second quarter 2016 results will be released on Tuesday, August 9, 2016, before the open of the stock market. The company will host a conference call and webcast at 9:00 AM ET that morning, during which management will discuss the company’ s financial results and provide a general business overview.. To access the live webcast, please visit the Investors page of the Sunshine Heart website at..."/>
Sunshine Heart to Announce Second Quarter 2016 Results on August 9, 2016
Ensign Group, Inc., the parent company of the Ensign (TM) group of skilled nursing, rehabilitative care services, assisted living, home health and hospice care and urgent care companies, announced today that it expects to issue its second quarter 2016 financial results on Monday, August 1, 2016.. Ensign invites current and prospective investors to tune into a live webcast to be held the following day, Tuesday, August 2, 2016, at 10:00 a.m...."/>
The Ensign Group Schedules Second Quarter 2016 Earnings Call for Tuesday, August 2, 2016

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