On Friday, Shares of Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), gained 1.28% to $8.69.
Achillion Pharmaceuticals, declared additional interim results from a Phase 2 study evaluating odalasvir (also known as ACH-3102), a NS5A inhibitor, in combination with sofosbuvir, without ribavirin, for either six or eight weeks of treatment in patients with treatment-naïve genotype 1 chronic hepatitis C virus (HCV) infection. Of the patients treated for six weeks in this cross-over cohort, 100 percent (n=6/6) remained HCV RNA undetectable twelve weeks after concluding therapy (SVR12). Formerly, Achillion stated results from this study counting 100 percent SVR24 for the initial cohorts counting 12 patients treated for eight weeks and 100 percent SVR24 for 12 patients treated for six weeks.
In May 2015, Achillion declared it had granted Janssen Pharmaceuticals, Inc. (Janssen), one of the Janssen Pharmaceutical Companies of Johnson & Johnson, an exclusive, worldwide license to develop and, upon regulatory approval, commercialize HCV products and regimens containing one or more of Achillion’s HCV assets which comprise odalasvir, ACH-3422, and sovaprevir.
Achillion Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes anti-infective drug therapies in the United States and internationally. It focuses on developing combination therapies for the treatment of chronic hepatitis C (HCV) infection and drug-resistant bacterial infections.
Shares of Statoil ASA (ADR) (NYSE:STO), declined -3.40% to $14.76, during its last trading session.
In a meeting in the Corporate Assembly of Statoil ASA (OSE:STL, NYSE:STO) on 20 August 2015 Wenche Agerup was elected as a new member of Statoil’s board of directors.
Wenche Agerup was the Executive Vice President for Corporate Staffs and the General Counsel of Norsk Hydro ASA from 2010 to 31 December 2014. She has held various executive roles in Hydro since 1997, counting within the company’s M&A-activities, the business area Alumina, Bauxite and Energy, as a plant manager at Hydro’s metal plant in Ardal and as a project director for a Joint Venture in Australia where Hydro cooperated with the Australian listed company UMC. Through her work in Hydro, Agerup has developed a noteworthy business and planned competence. Agerup is presently a board member in Oslo Boers Holding VPS ASA/Oslo Boers ASA (the Oslo Stock Exchange) and the seismic company TGS, and has competence and experience within corporate governance.
The election enters into effect from 21 August 2015 and until the ordinary election of shareholder-elected members to the board of directors in 2016. Agerup was elected in accordance with the proposal from the nomination committee.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.
At the end of Friday’s trade, Shares of First Horizon National Corp (NYSE:FHN), lost -3.24% to $14.05.
First Horizon National Corp., will complete its acquisition of Raleigh-N.C.-based TrustAtlantic Bank and its parent company, TrustAtlantic Financial Corp., following approval by the Federal Reserve Board, the Office of the Comptroller of the Currency and state regulators. The acquisition expands First Tennessee’s decade-long presence in North Carolina and is predictable to close in early October.
The five TrustAtlantic branches — four in the Raleigh-Cary metro area and one in Greenville, N.C. — will open as First Tennessee branches Oct. 19. The new branches will expand convenience and enhance the products and services First Tennessee offers in Raleigh and other North Carolina markets for commercial banking, commercial real estate, private client and wealth administration customers.
TrustAtlantic Financial and its partner, TrustAtlantic Bank, had about $430 million in total assets, $368 million in total deposits and $317 million in gross loans as of June 30.
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services in the United States and internationally.
Finally, EXCO Resources Inc (NYSE:XCO), ended its last trade with 2.68% gain, and closed at $0.960.
EXCO Resources, declared that the six proposals presented by EXCO in the proxy statement have received the affirmative vote of more than a majority of EXCO’s shares of common stock outstanding, and proposals 3 and 4, which amend EXCO’s Articles of Incorporation, received the affirmative vote of more than two-thirds of the outstanding shares of common stock required under Texas law.
EXCO is working towards the closing of the services and investment agreement with a partner of Bluescape Resources Company LLC, counting the appointment of C. John Wilder to the position of Executive Chairman of the Company’s Board of Directors.
EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and Appalachia.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
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