Acadia Healthcare (ACHC) Prices 4.5M Common Offering at $66.50/Share May 5, 2015 05:33PM

Acadia Healthcare (NASDAQ: ACHC) announced the pricing of its previously announced underwritten public offering of 4,500,000 shares of common stock at a public offering price of $66.50 per share, for gross proceeds to the Company of approximately $299.3 million, before the underwriting discount and offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock at the public offering... (continue reading...)

UPDATE: Retrophin (RTRX) Granted Orphan Drug Destination for PKAN Treatment May 5, 2015 05:32PM (Updated - May 5, 2015 5:32 PM EDT)

Retrophin (NASDAQ: RTRX) has been granted orphan drug designation for the treatment of pantothenate kinase associated neurodegeneration (PKAN).


UPDATE - The company's press release follows:

Retrophin announced RE-024, the Company’s investigational phosphopantothenate replacement therapy, has been granted orphan drug designation by the U.S. Food and Drug Administration (FDA) for the treatment of pantothenate kinase-associated... (continue reading...)

Pacific Bio (PACB) Reports In-Line Q1 EPS, Achieves Second Development Milestone May 5, 2015 05:17PM

Pacific Bio (NASDAQ: PACB) reported Q1 EPS of ($0.27), in-line with the analyst estimate of ($0.27).

Pacific Biosciences of California, Inc. (Nasdaq: PACB), provider of the PacBio® RS II Sequencing System, today announced that it has achieved a second development milestone under its development, commercialization and license agreement with F. Hoffman-La Roche Ltd (Roche), earning an additional $10 million.

For earnings history and earnings-related data on Pacific Bio (PACB) click here.

Comcast (CMCSA) Plans to Refocus on Customer Service Improvement; Create 5,500 Jobs May 5, 2015 05:14PM

Comcast (NASDAQ: CMCSA) announced a new, multi-year plan to reinvent the customer experience and to create a culture focused on exceeding customers’ expectations, at all levels of the company. The plan centers on looking at every decision through a customer lens and making measureable changes and improvements across the company.

The core elements of the strategic plan include: creating more than 5,500 customer service jobs over the next few years and setting a goal to... (continue reading...)

FTC Places Conditions on ZF Friedrichshafen, TRW Automotive (TRW) Deal May 5, 2015 04:34PM

(Updated - May 5, 2015 4:34 PM EDT)

Two of the world’s largest auto parts suppliers, ZF Friedrichshafen AG and TRW Automotive Holdings Corp., have agreed to divest TRW's linkage and suspension business in North America and Europe, to settle Federal Trade Commission charges that their proposed $12.4 billion merger would likely harm competition in the North American market for heavy vehicle tie rods. The merged company will have six months after the proposed consent... (continue reading...)

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