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Friday 10 July 2015
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Active Stocks Alert: Visa Inc (NYSE:V), Array Biopharma Inc (NASDAQ:ARRY)

On Thursday, Shares of Visa Inc (NYSE:V), gained 0.57% to $68.24.

Visa Inc, introduced additions to the FIDO 1.0 specifications with new transport protocols for FIDO U2F — Bluetooth Classic and Low Energy (BLE), and Near Field Communication (NFC). With these new transport specifications, FIDO U2F is appropriate for mobile and wireless applications, and devices that do not have a USB port.

“Within months of publishing the first FIDO standards, the FIDO Alliance continues to see strong demand from the marketplace. Already enjoying robust adoption, FIDO U2F is ready for more implementers to join us in creating a stronger authentication environment,” said Dustin Ingalls, president of the FIDO Alliance.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

Finally, Array Biopharma Inc (NASDAQ:ARRY), ended its last trade with -1.85% loss, and closed at $6.89.

Array BioPharma’s (ARRY) wholly-owned MEK inhibitor, binimetinib, and BRAF inhibitor, encorafenib, were showcased at the 2015 annual meeting of the American Society of Clinical Oncology (ASCO). At the meeting, preliminary data for the combination of binimetinib and encorafenib from a Phase 1b/2 dose escalation and expansion study in patients with BRAF-mutant melanoma who are BRAF inhibitor treatment naive were shared during an oral presentation. Results from the study indicate that binimetinib and encorafenib may be safely combined and show encouraging clinical activity compriseent with MEK/BRAF inhibitor expectations in patients with BRAF-mutant melanoma who are BRAF inhibitor treatment naive. In addition, a differentiated safety profile relative to other MEK/BRAF inhibitor combinations is emerging in the dose range presently being used in the Phase 3 COLUMBUS trial. Array anticipates updated BRAF melanoma data from the ongoing Phase 2 combination trial (LOGIC-2) of binimetinib and encorafenib followed by the addition of a third targeted agent identified based on genetic testing at the time of progression will be presented to a scientific conference later this year. LOGIC-2 utilizes the same dose of binimetinib and encorafenib presently being studied in the COLUMBUS trial.

Array BioPharma Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule drugs to treat patients with cancer in North America, Europe, and the Asia Pacific.

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