During Tuesday’s Morning trade, Shares of Teva Pharmaceutical Industries Ltd (ADR)(NYSE:TEVA), lost -0.65% to $59.38.
Teva Pharmaceutical Industries Ltd., declared that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation status to SD-809 (deutetrabenazine) for the treatment of patients with moderate to severe tardive dyskinesia, a hyperkinetic movement disorder affecting about 500,000 people in the United States.
Breakthrough Therapy Designation is granted to a drug that is intended to treat a serious condition and preliminary clinical evidence indicates that the drug may demonstrate substantial improvement on a clinically noteworthy end point over available therapy or placebo where there is no available therapy. For SD-809, the designation request comprised results from Teva’s Phase II/III study, Aim to Reduce Movements in Tardive Dyskinesia (ARM-TD). In the ARM-TD study, SD-809 was contrast to placebo for change in Abnormal Involuntary Movement Scale (AIMS) score from baseline to end of therapy.
“The granting of Breakthrough Therapy Designation by the FDA represents noteworthy progress toward advancing the clinical program for SD-809, as a potential, much-needed treatment option for the underserved tardive dyskinesia patient population. We remain excited about studying this innovative compound across a number of indications,” said Michael Hayden, M.D., Ph.D., President of Global R&D and Chief Scientific Officer at Teva.
Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic, specialty, and other pharmaceutical products worldwide. The company operates in two segments, Generic Medicines and Specialty Medicines. The Generic Medicines segment offers generic or branded generic medicines; specialized products, such as sterile products, hormones, narcotics, high-potency drugs, and cytotoxic substances; and active pharmaceutical ingredients.
Shares of Mattel, Inc. (NASDAQ:MAT), inclined -1.26% to $24.39, during its current trading session.
A-Mark Precious Metals, a full-service precious metals trading company and an official distributor for all the major sovereign Mints, has designated Cary Dickson as chief financial officer, effective November 9, 2015.
“As we continue to expand A-Mark’s services and international footprint, we look to leverage Cary’s proven expertise in finance and global operations,” said the company’s CEO, Greg Roberts. “He not only brings a wealth of capital markets experience, but also possesses a deep understanding of consumer products, which will prove instrumental in our planned initiatives to drive profitable growth.”
Dickson brings to the position of CFO more than 20 years of experience in the financial industry. He formerly held various finance position at Mattel Brands (MAT), a worldwide leader in the design, manufacture and marketing of toys and family products, counting VP of finance and CFO of Mattel Foundation.
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and Batman.
Finally, Shares of Mosaic Co (NYSE:MOS), lost -2.82%, and is now trading at $31.72.
For the third successive year, The Mosaic Company (MOS) has achieved recognition from the international non-profit, CDP, for demonstrating measurable action and strategies to reduce greenhouse emissions (GHGs) and mitigate climate-related business risks.
Mosaic achieved a grade of A for performance and is one of 113 companies to be recognized on the CDP Climate “A” List. CDP independently assessed thousands of companies’ disclosures against its scoring methodology, and selected only 5 percent for inclusion on the A List.
“Our sustainability efforts are paying off. Mosaic is conserving natural resources, reducing its carbon footprint and decreasing operating costs. While we’re leading our industry in these efforts, there is more we plan to accomplish,” said Joc O’Rourke , President and Chief Executive Officer of The Mosaic Company. “By 2020, Mosaic is targeting to reduce energy and freshwater use and greenhouse gas emissions by 10 percent per product tonne.”
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash.