On Wednesday, Shares of Exelixis, Inc. (NASDAQ:EXEL), gained 4.30% to $6.31, hitting its highest level.
Exelixis, declared the appointment of Christopher J. Senner as Executive Vice President and Chief Financial Officer. Mr. Senner has nearly 25 years of experience in biopharmaceutical finance, counting deep expertise in global financial operations and controls, planned planning and analysis, supply chain finance and business development. He joins Exelixis after five years at Gilead Sciences, where he served as Vice President, Corporate Finance. He formerly spent eighteen years at Wyeth in a variety of financial roles with increasing responsibility for many of the company’s divisions and regions. He joins Exelixis in advance of several potentially transformational milestones anticipated this year, counting top-line results from the METEOR phase 3 pivotal trial and the potential U.S. and EU regulatory approvals of cobimetinib, a compound discovered by Exelixis and then licensed to Genentech for further development and commercialization.
In this role, Mr. Senner will oversee the company’s global finance function, leveraging extensive experience gained earlier in his career. While at Gilead, he was accountable for controllership and operational financial planning and analysis, counting research and development, manufacturing, commercial operations, and tax and treasury planning. At Wyeth, he served in a variety of capacities, most notably as CFO of the company’s $10 billion U.S. pharmaceuticals business and the BioPharma Business Unit, a $5 billion global inflammation, oncology and hematology business.
Exelixis, Inc., a biopharmaceutical company, develops and sells small molecule therapies for the treatment of cancer in the United States. The company offers COMETRIQ, an inhibitor of multiple receptor tyrosine kinases for the treatment of patients with progressive, metastatic medullary thyroid cancer.
Shares of Seagate Technology Public Limited Company (NASDAQ:STX), inclined 1.97% to $49.06, during its last trading session.
Seagate Technology Public Limited, declared it is integrating IBM® Spectrum Scale™ software with its ClusterStor™ High Performance Computing (HPC) storage to deliver a new software defined storage appliance. The new appliance will assist users manage the demands of data-intensive workloads, such as genomic research, computer aided design, digital media, data analytics, financial model analysis and electronic design simulations.
Engineered for high performance computing, Seagate’s ClusterStor assists solve recently’s toughest HPC storage challenges—delivering power, performance, scalability and reliability for users in a wide range of industries that rely on supercomputing applications. Having shipped over 17,000 petabytes and two million enclosures for major original equipment manufacturers (OEMs), Seagate has successfully delivered some of the largest, most productive and efficient HPC storage systems in the world. Seagate’s innovative ClusterStor solutions are in a unique position to empower information-driven organizations that require the shortest time and cost to insight with the opportunity to extract unprecedented value from their big data.
IBM Spectrum Scale is part of IBM’s industry-leading Spectrum Storage software defined storage family assisting clients manage massive amounts of data globally, where they want it, how they want it, in a fast and easy manner from a single dashboard.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries.
Finally, FuelCell Energy Inc. (NASDAQ:FCEL), ended its last trade with -0.32% loss, and closed at $0.89.
FuelCell Energy, declared noteworthy progress towards achieving commercial deployment of its solid oxide fuel cell (SOFC) technology, naming three projects selected by the U.S. Department of Energy (DOE) for funding support. The projects are designed to demonstrate performance and commercial-readiness, further reduce both product and manufacturing costs, and validate hydrogen production utilizing the SOFC technology in an electrolysis configuration.
“FuelCell Energy is a leader in developing innovative clean power generation that enhances energy resiliency and security in an environmentally-friendly manner and contributes to the growth of our economy with domestic manufacturing,” said Congresswoman Elizabeth Esty (CT-5). “The vision and support from the Department of Energy is a testament to the groundbreaking work being performed by the FuelCell Energy team.”
“These projects validate our solid oxide technology and readiness to continue advancing commercialization of our solution for sub-megawatt commercial applications and storage opportunities,” said Chip Bottone, Chief Executive Officer, FuelCell Energy, Inc. “We are ready to expand our applications and confirm cost and performance profiles.”
FuelCell Energy, Inc., together its auxiliaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation.
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