On Tuesday, Shares of Pfizer Inc. (NYSE:PFE), lost -0.68% to $35.12.
Gliknik Inc., declared that its licensee Pfizer Inc. (PFE) has received notification from the U.S. Food and Drug Administration (FDA) that its autoimmune candidate drug GL-2045, a recombinant Intravenous Immune Globulin (IVIG)-mimetic, has been granted orphan drug designation for Chronic Inflammatory Demyelinating Polyneuropathy (CIDP). CIDP is a rare neurological disorder characterized by progressive weakness and impaired sensory function in the legs and arms.
GL-2045 received the Orphan Drug designation for CIDP under the U.S. Orphan Drug Act following a review by the FDA of a package of data presented by Pfizer. The FDA Office of Orphan Products Development grants orphan drug designation to novel drugs or biologics that treat a disease or condition affecting fewer than 200,000 patients in the U.S.
Gliknik is creating new therapies for patients with immune disorders and cancer. Gliknik’s expertise is in modulation of the immune system to fight disease. The company’s lead clinical compound is GL-0817 for prevention of the recurrence of squamous cell cancer of the oral cavity.
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 Exelon Corporation (NYSE:EXC), declined -0.28% to $32.09, during its last trading session.
Energy supplier Constellation recently declared that it is expanding its home services business into Texas. Constellation Home will provide a one-stop shop for homeowners in the Dallas and Houston areas for heating, cooling, plumbing and water heater solutions to fit their home and budget.
As part of the launch, Constellation Home is introducing its “peace of mind” no-deductible Home Protection Plan. The plan provides customers coverage on home system repairs such as heating and air conditioning, water heaters, and in-home electrical, in addition to unlimited service calls from local, certified technicians.
Baltimore-based Constellation is a partner of Exelon Corporation (EXC), the nation’s leading competitive energy provider, with 2014 revenues of about $27.4 billion, and more than 32,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
Finally, Northern Tier Energy LP (NYSE:NTI), ended its last trade with 1.46% gain, and closed at $27.14.
Northern Tier Energy stated second quarter 2015 Net Income of $128.9 million, contrast to $57.9 million for second quarter 2014. Results for the 2015 quarter comprised of a $38.2 million non-cash lower of cost or market (“LCM”) inventory adjustment benefit. Adjusted Net Income, which excludes the LCM adjustment and other special items, was $90.7 million for second quarter 2015, contrast to $61.4 million for the preceding year quarter. Adjusted EBITDA for second quarter 2015 was $116.7 million (not taking into account the LCM adjustment) contrast to $82.1 million for second quarter 2014, primarily due to higher gross margins per barrel, together with higher throughput.
Second Quarter Operating Segment Highlights
Refining Segment
Refining operating income not taking into account the LCM adjustment was $103.3 million for second quarter 2015 contrast to $72.8 million for the preceding year period. Refining gross margin was $17.85 per barrel of throughput for second quarter 2015 ($21.98 per barrel counting the LCM adjustment) contrast to $15.03 per barrel of throughput for second quarter 2014. Refining Adjusted EBITDA for second quarter 2015 was $114.7 million (not taking into account the LCM adjustment) contrast to $82.7 million for the preceding year period. This enhance was driven by improved gross margins together with raised throughput and sales volumes. Total throughput was a quarterly record of 98,954 barrels per day for second quarter 2015 contrast to 93,022 barrels per day for the preceding year period. Throughput for the preceding year period was influenced by planned maintenance on the Minnesota Pipeline.
Northern Tier Energy LP, an independent downstream energy company, engages in refining, retail, and pipeline operations in the United States. It operates through two segments, Refining and Retail. The Refining segment offers refined products, counting gasoline, diesel, jet fuel, and asphalt to resellers and consumers primarily in the Petroleum Administration for Defense District II region.
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