Capnia Gains After Entering into Merger Agreement

Capnia Gains After Entering into Merger Agreement

Capnia shares rose nearly 8% after the company said it has signed a merger agreement with Essentials, Inc, a privately held company, to create a rare-disease therapeutics company. The company said it will issue shares at $0.96 each to a mix of current and new investors, bringing in proceeds upwards of $8 million. Capnia will acquire all of the outstanding shares from Essentials through the merger, which is expected to […]

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Aptevo Jumps 39% on Positive Data

Aptevo Jumps 39% on Positive Data

Aptevo Therapeutics Inc. shares surged 29% on Friday after the company said a phase 2 trial showed “significant increase in median progression free survival” from approximately 10 to 16 months in patients receiving combination otlertuzumab/bendamustine therapy. The results were recently published in the British Journal of Haematology (BJH). The trial studied the impact of a combination of otlertuzumab and bendamustine therapy on patients with chronic lymphocytic leukemia. “These data, coupled […]

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Johnson & Johnson Up 2%

Johnson & Johnson Up 2%

Johnson & Johnson is up more than 2% after Barron’s said over the weekend the shares could rally about 20% to the mid-$130s as operating improvements spur earnings growth. Although healthcare stocks have been decline since president-elect Donald Trump said he would take down drug prices, Barron’s said J&J is less susceptible to changes in pricing than its peers and the company could actually prosper from Trump’s plans to lower […]

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Square Adds More Than 1% on Apple Pay Intergration

Square Adds More Than 1% on Apple Pay Intergration

Square is more than 1% higher after it and Apple (AAPL) said new Apple Pay integration now allows Square Cash users to pay for items wherever Apple Pay is accepted. The feature is enabled through Square Cash’s virtual debit card system, which debuted in September through a partnership with Visa (V). Like a traditional debit card, Square’s virtual version lets customers apply their Square Cash account balance to purchases made […]

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General Mills Reorganizes Group Structure

General Mills Reorganizes Group Structure

General Mills said Monday it has put in place a new organizational structure that aims to streamline leadership and maximize its growth potential, with about 400 to 600 positions affected worldwide. Under the new structure president and COO Jeff Harmening has assumed responsibility for global operations. As a result, General Mills will eliminate the position of international COO. Effective Jan. 1, four business groups will report directly to Harmening, each […]

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