On Tuesday, in the course of current trade, Shares of ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), climbed 2.15%, and is now trading at $40.31.
ACADIA Pharmaceuticals declared it has presented a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) seeking approval for NUPLAZID (pimavanserin) for the treatment of psychosis associated with Parkinson’s disease.
NUPLAZID is an SSIA (selective serotonin inverse agonist) preferentially targeting 5-HT2A receptors. Through this novel mechanism, NUPLAZID has demonstrated noteworthy efficacy in Parkinson’s disease psychosis (PDP) and has the potential to avoid many of the debilitating side effects of existing antipsychotics, none of which are approved for use in PDP patients. The FDA granted NUPLAZID Breakthrough Therapy designation for PDP in 2014.
“NUPLAZID holds promise for patients with Parkinson’s disease psychosis who presently have no FDA-approved treatment options,” said Steve Davis, ACADIA’s Chief Executive Officer. “Psychosis is the leading cause for Parkinson’s patients moving from their homes to nursing homes or other institutions and leads to an raised risk of mortality, a diminished quality of life and noteworthycaregiver burden. If approved, NUPLAZID would represent a new and distinctly different pharmacological approach to treating psychosis and would be the first drug approved in the United States for psychosis associated with Parkinson’s disease.”
ACADIA Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of small molecule drugs that address unmet medical needs in neurological and related central nervous system disorders.
During an Afternoon trade, Shares of Darden Restaurants, Inc. (NYSE:DRI), climbed 1.77%, and is now trading at $70.00.
Olive Garden and the NFHS Network, the nation’s leading high school sports media company, are teaming up to recognize Team Moms and the high school athletes they support. This partnership comprises the launch of GoTeamMoms.com, which will serve as a resource and destination to recognize Team Moms.
Team Moms volunteer to assist coaches and often lead team communications, fundraising, travel coordination and more. The website will feature Team Mom’s Best-Kept Secrets and game day highlights from high schools around the nation. In addition, coaches, athletes, family members and the community are invited to contribute shoutouts or photos of their favorite Team Mom using #GoTeamMoms on Twitter and Instagram to be featured on the website.
“The aim of the NFHS Network is to serve and support both the athletes and their fans,” said Christopher Young, senior vice president of sales for the NFHS Network. “There’s no bigger fan than a Team Mom and no better partner for the NFHS Network than Olive Garden, which resonates so deeply with our audience and shares our same commitment to families and the local community.”
Darden Restaurants, Inc., through its auxiliaries, owns and operates full-service restaurants in the United States and Canada. As of July 8, 2015, it owned and operated about 1,500 restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s, and Yard House brand names.
Shares of Intrexon Corp (NYSE:XON), climbed 5.71%, and is now trading at $43.70.
Intrexon Corporation declared it has accomplished the acquisition of Oxitec Ltd. Oxitec’s safe and innovative approach to control mosquitoes that spread disease and insect pests that damage crops is well aligned with Intrexon’s social aims, technologies, and business purpose. The addition of the Oxitec team under the continued leadership of its Chief Executive Officer, Hadyn Parry, expands Intrexon’s capabilities to address a broad range of global environmental, health and agricultural challenges in new and responsible ways.
Through advanced genetics and engineering of biology, Oxitec’s pioneering approach to controlling insect populations employs the release of ‘sterile’ male insects whose offspring inherit a self-limiting gene and do not survive to adulthood. This biological technique is exquisitely directed toward single insect species, thereby avoiding the off-target effects and broad environmental consequences of applying conventional insecticides.
According to the Center for Disease Control (CDC), vector-borne diseases such as dengue and malaria account for 17% of the estimated global burden of all infectious diseases recently. Dengue is the world’s fastest growing vector-borne disease, and is now present in over 100 countries placing 40% of the world’s population at risk of infection. The global cost of this virus is estimated to exceed $5 billion per year counting vector administration, prevention, and associated healthcare spending.
Intrexon Corporation, a biotechnology company, operates in the synthetic biology field in the United States. The company, through a suite of proprietary and complementary technologies, designs, builds, and regulates gene programs, which are DNA sequences that comprise of key genetic components.
Finally, KAR Auction Services Inc (NYSE:KAR), gained 1.14% Tuesday.
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (KAR) and the leading live and live-online salvage auto auction company recently declared that Tim O’Day would join the company as Senior Vice President of Finance reporting to John Kett, Chief Executive Officer and President.
With almost thirty years of experience in finance, operations, and general administration, O’Day has a combination of big company, start up and high growth business experience. Most recently O’Day worked for nine years as COO and then CFO for MedSpeed, the leading national healthcare transportation and logistics provider. Before MedSpeed, O’Day founded and ran a B2B internet technology company, was president of a regional special event company, CFO of an equipment rental chain, and director of finance for a national auto glass company. He started his career at Abbott Laboratories, first in a administration training program followed by various financial administration positions in corporate and in the field. O’Day earned his Bachelor of Science degree in business from Indiana University.
“I am excited to work with Tim and further accelerate IAA’s strong momentum,” said John Kett, IAA’s chief executive officer and president. “Tim’s broad background of financial success combined with his operational and logistics experience will be noteworthy assets to the IAA organization in addition to KAR Auction Services. I look forward to him joining the executive team as we continue to grow and expand the IAA organization.”
KAR Auction Services, Inc., together with its auxiliaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.
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