On Wednesday, Shares of Pfizer Inc. (NYSE:PFE), gained 0.48% to $33.69.
ViiV Healthcare and Desano Pharmaceuticals (Desano) declared a planned manufacturing agreement to enable production in China of dolutegravir. The agreement will offer an additional source of the dolutegravir active pharmaceutical ingredient (API), and will allow ViiV Healthcare to offer a competitive supply of the finished product (dolutegravir 50mg, marketed under the name Tivicay®) for China and a number of developing countries, subject to national approvals. This strengthens ViiV Healthcare’s commitment to improve access to its treatments for people living with HIV, especially in countries hardest hit by the disease.
“This manufacturing agreement with Desano for dolutegravir is a noteworthy achievement to facilitate access to our medicines. With our recent agreement with the Medicines Patent Pool and our other access initiatives this deal is aligned with our ongoing commitment to improve access to our medicines in countries where the need is greatest.” said Dr Dominique Limet, Chief Executive Officer, ViiV Healthcare.
Based in Shanghai, Desano is a high quality manufacturer, therefore well suited to partner with ViiV Healthcare. Under the agreement, Desano will manufacture the API of dolutegravir to feed in to the GSK/ViiV Healthcare supply chain for onward sale in China and developing countries covered by the agreement.
ViiV Healthcare is a global specialist HIV company established in November 2009 by GlaxoSmithKline (GSK.L) and Pfizer (PFE) dedicated to delivering advances in treatment and care for people living with HIV.
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Shares of The Coca-Cola Company (NYSE:KO), inclined 0.69% to $39.50, during its last trading session.
The Coca-Cola Company, will release second quarter 2015 financial results on Wednesday, July 22, 2015 before the stock market opens. The Company will host an investor conference call at 9:30 a.m. EDT on July 22.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
Finally, Alpha Natural Resources, Inc. (NYSE:ANR), ended its last trade with -7.92% loss, and closed at $0.28, hitting its lowest level.
Alpha Natural Resources, declared that its wholly-owned partner, Pennsylvania Services Corporation (PSC), has attained the 50% interest in its natural gas exploration and production joint venture, Pennsylvania Land Resources Holding Company, LLC (PLR), owned by EDF Trading Resources, LLC (EDFTR). The $126 million transaction, which makes PSC the sole owner and operator of the venture, allows Alpha to expand and control a highly economic natural gas development program composed of over 25,000 net acres and associated infrastructure in the Marcellus Shale.
EDFTR and PSC initially formed the PLR joint venture in May 2013 to exploit a large, concentrated Marcellus Shale gas resource in Greene County, Pennsylvania. The concentrated acreage position is considered to be in the “core of the core” of the Marcellus Shale, one of the most profitable natural gas plays in the United States, and located adjacent to some of the most productive wells in the basin to date. PLR’s large, contiguous acreage position will allow efficient development of the resource with long laterals, maximizing both well productivity and returns. Noteworthy existing pipeline capacity located adjacent to or crossing PLR’s leased acreage also provides strong transportation optionality.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations.
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