On Friday, Shares of Pfizer Inc. (NYSE:PFE), gained 1.48% to $34.36.
Pfizer’s Centers for Therapeutic Innovation (CTI) and the Jeffrey Modell Foundation (JMF) declared a partnership agreement to conduct research in the field of immunological diseases. CTI and JMF will identify and co-fund translational research projects with leading academic medical centers within the CTI network. The aim of each research project will be to identify and validate a potential drug candidate for an immunological disease that can be moved into further clinical testing.
The partnership with CTI represents JMF’s first alliance with a biopharmaceutical company. “We are excited about the opportunity to collaborate with Pfizer as we broaden our commitment to make a world of difference in the lives of patients with immunological diseases,” said Vicki Modell, co-founder of the Jeffrey Modell Foundation. “JMF’s expertise in Primary Immunodeficiency and extensive network of collaborators, combined with Pfizer’s impressive research and development capabilities has the potential to identify and advance novel research projects. Together, we hope to make meaningful advancements in our understanding of immunological diseases.”
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 Alpha Natural Resources, Inc. (NYSE:ANR), inclined 4.72% to $0.25, during its last trading session.
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.
Finally, Jarden Corp. (NYSE:JAH), ended its last trade with 1.36% gain, and closed at $52.31.
Jarden Corporation, declared that the Company will release its financial results for the second quarter 2015 before the markets open on Wednesday, July 29, 2015.
Jarden will host a webcast/dial-in conference call to talk about its financial results at 8:30 a.m. Eastern Time on Wednesday, July 29, 2015. Participants on the call will comprise Martin E. Franklin, Founder and Executive Chairman; James E. Lillie, Chief Executive Officer; and Alan W. LeFevre, Chief Financial Officer.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.
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