During Monday’s Current trade, Shares of BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX), gain 0.98% to $11.80.
BioCryst Pharmaceuticals, Inc. (BCRX) declared financial results for the second quarter ended June 30, 2015.
Second Quarter Financial Results
For the three months ended June 30, 2015, revenues raised to $25.8 million from $1.5 million in the second quarter of 2014. Revenue in the quarter was primarily due to the partial recognition of the upfront payment to BioCryst resulting from the licensing of RAPIVAB(R) (peramivir injection), in addition to a noteworthyenhance in partnershiprevenue associated with BCX4430 development as a medical countermeasure for Ebola virus and other filovirus diseases.
Research and development expenses for the quarter raised to $16.5 million from $11.1 million in the second quarter of 2014. The enhance in 2015 R&D expenses, as contrast to 2014, was the result of raised R&D expenses associated with the Company’s HAE and BCX4430 development programs. The more substantial enhance was related to development expenses associated with the HAE portfolio and resulted from higher spending for continued development of avoralstat, formerly known as BCX4161, and expenses for second generation compound development, counting BCX7353.
BioCryst Pharmaceuticals, Inc., a biotechnology company, designs, optimizes, and develops small molecule drugs that block key enzymes involved in the pathogenesis of diseases. Its product candidates comprise peramivir, an intravenous neuraminidase inhibitor, which is approved for uncomplicated seasonal and acute influenza; BCX4161, an oral serine protease inhibitor, which is in Phase II clinical trial for hereditary angioedema (HAE); and BCX7353 and other second generation HAE compounds, which are oral serine protease inhibitors that are in preclinical trial for HAE.
Shares of Media General Inc (NYSE:MEG), inclined 2.79% to $13.28, during its current trading session.
Media General Inc (MEG) declared that Steve Watt has been designated Vice President and General Manager of WKRN-TV, its ABC associate in Nashville, Tennessee.
Mr. Watt was promoted to this position after serving as the station’s General Sales Manager since 2008. During his tenure, he successfully built WKRN-TV’s brand recognition with advertisers, developed innovative sales strategies, and led the sales organization through a period of unprecedented growth. He will succeed Stan Knott who was elevated to Vice President of Broadcast Markets for Media General.
Commenting on the declarement, Deborah A. McDermott, Chief Operating Officer for Media General, said: “Steve is a highly planned and skilled broadcast executive who has been involved in every aspect of WKRN’s operation. He brings a forward-thinking approach to news, sales and promotions across all screens. He also has a genuine, heartfelt commitment to meeting the needs of our viewers and advertisers. He is the ideal candidate and very deserving of this promotion.
Media General, Inc. owns and operates television stations in the United States. It operates 71 network-associated stations, and their associated digital media and mobile platforms, counting 22 CBS stations, 14 NBC stations, 12 ABC stations, 8 FOX stations, 7 MyNetworkTV stations, 7 CW stations, and 1 Telemundo station in 48 markets.
Msci Inc (NYSE:MSCI), during its Monday’s current trading session decreased -0.31% to $63.90.
MSCI Inc. (MSCI), a leading provider of research-based indexes and analytics, declared the results of the August 2015 Quarterly Index Review for the MSCI Equity Indexes – counting the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets and MSCI Frontier Markets Small Cap Indexes, the MSCI Frontier Emerging Markets Index, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI Pan‐Euro and MSCI Euro Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index and the MSCI China A Indexes. All changes will be implemented as of the close of August 31, 2015. These changes have been posted on the Index Review web page on MSCI’s web site at https://www.msci.com/index-review.
MSCI Inc., together with its auxiliaries, provides investment decision support tools worldwide. Its tools comprise indexes, portfolio risk and performance analytics, and multi-asset class market risk analytics products and services. The company also offers analytical tools, data, and real estate benchmarks, in addition to environmental, social, and governance research (ESG) products and services.
Finally, Apple Hospitality REIT Inc (NYSE:APLE), gained 0.56%, to $18.07.
Apple Hospitality REIT, Inc. (APLE) declared that it has closed on the formerly declared acquisition of a 190-room Courtyard® by Marriott® in Burbank, CA for a purchase price of $54 million, or about $284,000 per key.
Nestled in the San Fernando Valley and within close proximity to numerous entertainment, media, healthcare and technology companies, the Courtyard® Los Angeles Burbank Airport hotel is poised to benefit from multiple business and leisure demand generators. The property is convenient to the Burbank Bob Hope Airport and a variety of attractions counting Walt Disney Studios, Universal Studios Hollywood and Warner Bros. Studios. The hotel is a short drive from the broader Los Angeles area with easy access to downtown Los Angeles, Beverly Hills, Hollywood, Griffith Park, popular sports arenas and various beaches. Smith Travel Research (STR) has stated positive demand and rate trends for the Burbank market with RevPAR growth of 7.2 percent for the first six months of 2015 as contrast to the same period of 2014.
Apple Hospitality REIT, Inc. is a publicly owned real estate investment trust. It invests in the real estate markets of United States. The firm invests primarily in the lodging industry. It is focused on the acquisition and ownership of income-producing real estate. The firm was formerly known as Apple REIT Nine, Inc. Apple Hospitality REIT, Inc. was founded on November 9, 2007 and is based in Richmond, Virginia.
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