On Monday, Shares of Axovant Sciences Ltd (NYSE:AXON), gained 20.41% to $14.10.
Axovant Sciences Ltd., reported financial results for the first fiscal quarter ended June 30, 2015.
Cash totaled $331.1 million at June 30, 2015, and net cash used in operating activities was $4.5 million for the quarter. The gross proceeds of Axovant’s initial public offering (IPO) on the New York Stock Exchange (NYSE) in June 2015 were $362.3 million, preceding to underwriting discounts and commissions and offering expenses of $27.7 million.
For the first fiscal quarter, ended June 30, 2015, research and development expenses for the period were $10.6 million, of which $8.0 million was attributable to non-cash, share-based compensation expense. General and administrative expenses for the period were $17.4 million, of which $14.3 million was attributable to non-cash, share-based compensation expense. Net loss for the quarter was $28.1 million, or $(0.35) per share.
“We remain on track to commence the confirmatory phase 3 study for RVT-101 in Alzheimer’s disease in the fourth quarter of 2015,” stated Vivek Ramaswamy, Chief Executive Officer of Axovant Sciences, Inc. “We look forward to providing additional updates later this year regarding our progress towards building a dementia solutions company.”
Axovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on the acquisition, development, and commercialization of therapeutics for the treatment of neurodegenerative disorders.
Shares of Praxair, Inc. (NYSE:PX), inclined 0.01% to $114.00, during its last trading session.
Praxair, declared that its in-line sanitary system that removes dissolved oxygen in process water will be featured at this year’s INTERBEV show that is co-located with Process Expo in Chicago, September 15-18, 2015. Praxair experts will be on hand in booth 6714 to show how this technology has assisted customers lower their costs and improve their product quality.
“Oxygen in process water can negatively affect the taste, color and stability of beverages,” said Lauren Dunlap, Praxair business development manager. “Praxair’s proprietary sanitary in-line system drives oxygen out of process water, assisting customers enhance production and through reduced oxidative reactions, improve the quality of their products. Our system for de-aeration is relatively easy to install, very easy to monitor and quickly knocks down dissolved oxygen levels from parts per million to parts per billion. Because it’s a continuous in-line system, there’s no processing downtime.”
Praxair’s technology has been successfully installed at Boulevard Brewing Company in Kansas City, Missouri. The space-saving system has reduced dissolved oxygen in the process water used by the regional specialty brewer to produce about 200,000 barrels of beer annually, ensuring that the flavor, color and shelf life of the brewery’s beer meets the company’s stringent quality guidelines.
Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, in addition to surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
At the end of Monday’s trade, Shares of Time Warner Cable Inc (NYSE:TWC), gained 2.32% to $190.31.
Time Warner Cable News North Carolina will tackle high school football coverage starting this week with the network’s weekly Talk It Out Friday Night Final. Starting, August 21, Talk It Out Friday Night Final will air each Friday at 11:00 p.m. with replays on Saturday at 11:00 a.m. The weekly show, hosted by Jim Connors and Mike Solarte, will break down each week’s Friday night games and show highlights from across North Carolina. The 30-minute program will feature over 25 key sports highlights, together with the “Play of the State” and the “Best of the State” segment which will focus on the teams to watch during the season. Time Warner Cable SportsChannel, located on channel 323, will also simulcast Talk It Out Friday Night Final games Fridays at 11:00 p.m. with replays Saturdays at 9:00 a.m.
Time Warner Cable News North Carolina is accessible throughout North Carolina with bureaus in Charlotte, Raleigh, Greensboro and Wilmington. TWC News North Carolina is among the 17 networks in Time Warner Cable’s portfolio, with sister networks in Texas (Austin and San Antonio); New York (Rochester, Buffalo, Albany, Hudson Valley, Central New York and the Southern Tier); Antelope Valley, CA; flagship network TWC News NY1 and Spanish language network TWC News NY1 Noticias in New York City.
The Time Warner Cable SportsChannels are 24/7 networks that carry distinct, comprehensive local programming on different channels across the nation. In the Carolinas, Time Warner Cable SportsChannel is led by Carolina Panthers and high school games and programming, and can be found in HD on channel 323 exclusively to Time Warner Cable customers.
Time Warner Cable Inc., together with its auxiliaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations.
Finally, VeriFone Systems Inc (NYSE:PAY), ended its last trade with 2.77% gain, and closed at $33.34.
VeriFone Systems declared that one of Chile’s largest payment processing networks - Multicaja - has begun deploying Verifone’s 3G wireless payment terminal solutions to enable merchants throughout Chile to enhance the consumer experience by securely accepting all forms of payment from beyond the counter—in any retail environment.
PROVEN EXCEPTIONAL VALUE
Following a competitive evaluation process, Multicaja selected the Verifone VX 520 3G for its exceptional value and functionality, which comprises an integrated color screen, PCI 3.0 compliance and the ability to accept EMV, NFC and all other forms of payment. Multicaja anticipates to deploy the solution to its new merchant clients throughout 2015.
Multicaja connects businesses, banks and consumers across all Chilean regions with its network that processed more than 115 million transactions in 2014. Verifone’s wireless terminal solution supports Multicaja’s gateway services, which are used by more than 5,000 chains and stores to process a multitude of transactions counting purchases, bill payment, PayPal redemption, deposits and withdrawals, insurance sales and lottery ticket purchases.
“Multicaja’s payment processing network is the largest in Chile because of our commitment to the success of our merchant clients,” said Pamela Cuzmar, Chief of Technology and Operations, Multicaja. “Verifone’s terminal solution provides us with a reliable, future-proof device - backed by decades of payment technology leadership - that enriches our offerings and enables us to continue meeting our commitment to merchants.”
VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, in addition to support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools.
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