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Sunday 31 January 2016
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Afternoon Trade News Analysis on: Palatin Technologies, (NYSEMKT:PTN), Alibaba Group Holding Limited, (NYSE:BABA), Oracle Corporation, (NYSE:ORCL)

Afternoon Trade News Analysis on: Palatin Technologies, (NYSEMKT:PTN), Alibaba Group Holding Limited, (NYSE:BABA), Oracle Corporation, (NYSE:ORCL)

– in Business & Finance

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During Thursday’s Afternoon trade, Shares of Palatin Technologies Inc. (NYSEMKT:PTN), gained 7.22% to $1.04.

Palatin Technologies is a biopharmaceutical company developing targeted, receptor-specific peptide therapeutics for the treatment of diseases with noteworthy unmet medical needs and commercial potential. Palatin’s lead product under development is bremelanotide for the treatment of female sexual dysfunction (FSD).

The approval of flibanserin (under development by Sprout Pharmaceuticals) recently by the U.S. Food and Drug Administration (FDA) marks a long-awaited milestone in healthcare for women. The FDA’s approval of flibanserin validates that there is an important need for women living with hypoactive sexual desire disorder, or HSDD, to have an approved treatment option. Palatin applauds the FDA’s positive determination, which supports FDA’s previous statements that HSDD is an unmet medical need requiring a safe treatment option for women with HSDD.

Palatin Technologies, Inc., a biopharmaceutical company, develops peptide therapeutics for the treatment of diseases. The company’s clinical development product is Bremelanotide, a peptide melanocortin receptor agonist that has accomplished Phase 2B clinical trial for the treatment of female sexual dysfunction (FSD).

Shares of Alibaba Group Holding Limited (NYSE:BABA), declined -2.37% to $71.39, during its current trading session.

Aliyun, Alibaba Group’s (BABA) cloud computing arm, declared that it will establish a new cloud data center in Singapore. Its headquarters for overseas business will also be based out of Singapore to drive Aliyun’s overseas expansion plan. Planned for an early September launch, the Singapore facility will be the seventh globally.

The new cloud data center leverages on Alibaba Group’s recent US$1 billion investment for cloud computing, and will enable more businesses to benefit from secure and reliable Aliyun-powered cloud services while riding on record foreign direct investment flows in Southeast Asia.

Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.

Finally, Oracle Corporation (NYSE:ORCL), lost -1.29%, and is now trading at $39.02.

Oracle Corporation declared that it has signed a contract to acquire Maxymiser, a leading provider of cloud-based software that enables marketers to test, target and personalize what a customer sees on a Web page or mobile app, substantially increasing engagement and revenue. Maxymiser optimizes over 20 billion customer experiences per month for brands such as Allianz, HSBC, Lufthansa, Tommy Hilfiger and Wyndham.

Oracle Marketing Cloud is already the fastest growing software platform for modern marketers in the world. The addition of Maxymiser to Oracle Marketing Cloud will strengthen the most comprehensive solution to manage marketing programs across all digital channels and across the customer lifecycle.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.

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