Shire (SHPG) Says It Does Not Endorse TRC Capital's 'Mini-Tender Offer' Jul 29, 2016 04:26PM

Shire plc (NASDAQ: SHPG) has been notified of an unsolicited "mini-tender" offer made by TRC Capital Corporation ("TRC Capital") to purchase up to 1,000,000 American Depositary Shares ("ADSs") 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 does not endorse this unsolicited mini-tender offer and recommends that ADS holders... (continue reading...)

Deutsche Bank (DB) Fully Loaded CET1 Drops to 7.8% in Stress Test Jul 29, 2016 04:17PM

(Updated - July 29, 2016 4:17 PM EDT)

The European Banking Authority (EBA) today announced the results of its 2016 EU-wide stress test. The aim of the exercise was to analyse how a bank’s capital position would develop by the end of 2018 under two different scenarios.

The stress test found that under its “baseline” scenario, Deutsche Bank’s (XETRA: DBKGn.DE / NYSE: DB) fully loaded CRR/CRD4 Common Equity Tier 1 (CET1) ratio would be 12.1% at the end of 2018. Under... (continue reading...)

Tokai Pharma (TKAI) to Cut Workforce by 60% Jul 29, 2016 04:06PM

Tokai Pharmaceuticals Inc. (NASDAQ: TKAI), 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... (continue reading...)

TRACON Pharmaceutical (TCON) CMO to Resign Jul 29, 2016 04:05PM

TRACON Pharmaceutical (NASDAQ: TCON) disclosed in an SEC filing:

On July 25, 2016, Dr. Ronald Shazer notified us that he was resigning as the Company’s Chief Medical Officer. We expect that Dr. Shazer’s last day of employment will be August 5, 2016, after which we expect to retain Dr. Shazer as a consultant. Dr. Charles Theuer, the Company’s President and Chief Executive Officer, will resume oversight of clinical development.

Evoke Pharma (EVOK) Enters $10M Registered Direct At-The-Market Stock Offering Jul 29, 2016 03:16PM

Evoke Pharma, Inc. (Nasdaq: EVOK) 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 Company will issue... (continue reading...)

More Corporate News

View Older Stories

Jul 29, 2016 03:09PM SteadyMed Ltd. (STDY) Announces $32M Private Placement of Common Stock and Warrants
Jul 29, 2016 03:09PM SteadyMed Ltd. (STDY) Announces $32M Equity Raise
Jul 29, 2016 03:01PM Tesla (TSLA) to Live Stream Gigafactory Launch Party
Jul 29, 2016 02:33PM Sinclair (SBGI) Announces Settlement of Outstanding Matters With FCC
Jul 29, 2016 02:27PM Panera Bread (PNRA) Cafe Guest Symptoms Consistent w/Carbon Monoxide Exposure - Bloomberg, Citing Email
Jul 29, 2016 02:00PM Hewlett Packard Enterprise (HPE) Offers 'No Comment' on PE Takeover Rumors
Jul 29, 2016 12:42PM Tesla crash does little to sway public opinion on self-driving cars
Jul 29, 2016 12:30PM Exclusive: California regulator says testing to begin on Volkswagen diesel fix
Jul 29, 2016 11:44AM Finjan Holdings (FNJN) Filed Motion for Preliminary Injunction Against Blue Coat
Jul 29, 2016 11:13AM IntercontinentalExchange Group (ICE) Agrees to Sell Certain Creditex Assets
Jul 29, 2016 10:46AM Tesla (TSLA) Gains as Panasonic Seeks to Raise $3.9B for Gigafactory
Jul 29, 2016 10:33AM Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron
Jul 29, 2016 09:48AM Medivation (MDVN) Notes 11% Increase in Q2 U.S. XTANDI Sales; FY16 Outlook Reaffirmed
Jul 29, 2016 09:44AM Encana (ECA) Announces Completion of Gordondale and DJ Basin Asset Sales
Jul 29, 2016 09:28AM Quotient (QTNT) Prices 2.8M Stock Offering at $5.50/Share
Jul 29, 2016 09:22AM Anavex Life Sciences (AVXL) Confirms Information in July 27 Press Release Announcing Positive Results from Phase 2a Alzheimer's Trial for ANAVEX 2-73
Jul 29, 2016 09:15AM Tronox (TROX): We're Increasing Soda Ash Prices
Jul 29, 2016 08:49AM Cellect Biotechnology (APOP) Prices IPO at $6.50/ADS
Jul 29, 2016 08:46AM Adamis Pharmaceuticals (ADMP) Enters $11.1M Subscription Agreements Direct Offering
Jul 29, 2016 08:42AM Highpower International (HPJ) Ships 1000Wh PPS Products to Fry's Electronics
Jul 29, 2016 08:33AM Belden (BDC) Announces Completion of Conv. Preferred Offering; Trims FY16 adj.-EPS Outlook
Jul 29, 2016 08:32AM Ligand Pharma (LGND) Enters LTP Tech Licensing Agreement
Jul 29, 2016 08:09AM NewLink Genetics (NLNK) Misses Q2 EPS by 35c; Announces Restructuring Plans
Jul 29, 2016 08:08AM Majesco Entertainment (COOL) Announces One-for-Six Reverse Stock Split
Jul 29, 2016 08:02AM NXP Semiconductors (NXPI) Says Private Equity Investors Have Fully Liquidated Their Positions
Jul 29, 2016 08:02AM Skullcandy (SKUL) Deems Mill Road Bid as 'Superior Proposal'
Jul 29, 2016 07:31AM NextEra Energy Resources to Sell Marcus Hook Generating Assets in $760M Deal (NEE)
Jul 29, 2016 07:26AM Flotek Industries (FTK) Closes $30M Stock Private Placement
Jul 29, 2016 07:06AM Seres Therapeutics (MCRB) Primary Endpoint Not Achieved in SER-109 Phase 2 ECOSPOR Study
Jul 29, 2016 07:02AM Shire's (SHPG) SHP626 Granted FDA Fast Track Designation as Investigational Treatment in NASH with Liver Fibrosis
Jul 29, 2016 06:52AM Xerox Corp. (XRX) Updates on Expected Separation Costs
Jul 29, 2016 06:36AM Edge Therapeutics (EDGE) Commences Treatment of First NEWTON 2 Patient
Jul 29, 2016 06:24AM Yamana Gold (AUY) Will Commence Recommissioning of C1 Santa Luz Project
Jul 29, 2016 06:22AM Yamana Gold (AUY) to Sell Mercedes Mine in $140M Deal
Jul 29, 2016 06:21AM Chembio Diagnostics (CEMI) Prices Larger 2M Common Stock Offering at $6/Share
Jul 29, 2016 06:04AM Nextera Energy (NEE) to Acquire Energy Future's Oncor Electric Stale
Jul 29, 2016 05:42AM Statoil (STO) to Acquire Petrobras' Stake in BM-S-8 Offshore License
Jul 29, 2016 05:40AM STMicroelectronics N.V. (STM) Acquires NFC1 and RFID2 Reader Assets from ams
Jul 28, 2016 06:21PM Microsoft to cut 2,850 more jobs
Jul 28, 2016 05:32PM AbbVie (ABBV) Initiates Phase 3 Study of Venetoclax in Patients with Relapsed or Refractory
Jul 28, 2016 04:46PM Flowserve (FLS) Misses Q2 EPS by 3c, Comments on Realignment Program
Jul 28, 2016 04:43PM Axalta Coating Systems (AXTA) Prices 41.6M Secondary Offering at $28.25/Share
Jul 28, 2016 04:37PM Expedia (EXPE) plans Tivago IPO
Jul 28, 2016 04:31PM Neos Therapeutics (NEOS) Reports Successful Completion of Bioequivalence Bridging Study for Cotempla XR-ODT
Jul 28, 2016 04:29PM Second Sight Medical (EYES) Announces Distribution Agreements to Bring the Argus II Retinal Prosthesis to Taiwan and Iran
Jul 28, 2016 04:08PM Jazz Pharma (JAZZ), Pfenex (PFNX) Enter Hematological Malignancies-Related Licensing Agreement
Jul 28, 2016 04:01PM Ionis Pharma (IONS) Unit Receives EC Orphan Drug Designation Volanesorsen as FPL Treatment
Jul 28, 2016 03:05PM Starbucks Coffee (SBUX) Taps Under Armour's Fremar as EVP, Exec. Creative Director
Jul 28, 2016 02:49PM FinTech Acquisition (FNTC) Shareholders Approve CardConnect Merger Agreement
Jul 28, 2016 02:23PM Cayman Islands Government Launches Additional Mosquito Controls Against Zika Virus (XON)
View Older Stories