On Friday, Shares of Medivation Inc (NASDAQ:MDVN), lost -0.72% to $112.31.
Medivation, declared that it has issued a notice of redemption to redeem on July 24, 2015 all of its outstanding 2.625% Convertible Notes due 2017. As of June 18, 2015, $167.7 million of the Notes was outstanding. The last stated sale price of Medivation’s common stock was $116.62 per share on June 18, 2015.
The notice of redemption provides that the Notes called for redemption would be redeemed at a stated redemption price equal to 100% of the aggregate principal amount of such Notes, plus accrued and unpaid interest to (but not counting) the redemption date.
Holders may convert the Notes at any time preceding to the close of business on July 22, 2015 at a conversion rate of 19.5172 shares of Medivation’s common stock per $1,000 principal amount of Notes (which is equivalent to a conversion price of about $51.24 per share) with a related Conversion Period (as defined in the Indenture for the Notes) of June 23, 2015 through July 21, 2015. Holders who want to convert their Notes must satisfy the requirements set forth in Article 5 of the Indenture for the Notes. In the event that holders elect to convert their Notes in connection with the redemption, the Company will satisfy its conversion obligations to holders by paying cash equal to the principal amount of the Notes and any conversion obligation in excess of the principal amount will be paid in shares of Medivation’s common stock.
Medivation, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapies to treat serious diseases in the United States. It offers XTANDI for the treatment of post-chemotherapy metastatic castration-resistant prostate cancer (mCRPC) patients.
Shares of Criteo SA (ADR) (NASDAQ:CRTO), declined -1.30% to $47.96, during its last trading session.
Criteo SA, released its Q2 2015 State of Mobile Commerce Report, revealing that mobile apps generate almost 50 percent of mobile transactions for some of the largest ecommerce players who have made their app experience a priority, due to much higher conversion rates than mobile browser or even desktop. In addition, 40 percent of ecommerce transactions now involve more than one device as smartphones, desktops and tablets are used in a variety of combinations to research and make purchasing decisions.
“The customer purchase journey has become increasingly complex as consumers have stopped using a single device to make their purchases,” said Jonathan Wolf, Chief Product Officer, Criteo. “Delivering an engaging app experience and connecting seamlessly with consumers across multiple devices are key to capturing ecommerce sales in this new world.”
Criteo S.A., a technology company, engages in the digital performance marketing in France and internationally. The company leverages granular data to engage and convert customers on behalf of its advertiser clients.
At the end of Friday’s trade, Shares of Oncolytics Biotech, Inc. (USA) (NASDAQ:ONCY), gained 1.40% to $0.507.
Oncolytics Biotech Inc., declared that a series of oral and poster presentations are being made by the Company’s research collaborators at the 9th International Conference on Oncolytic Virus Therapeutics being held from June 13th to 16th, 2015 in Boston MA.
“Our preclinical program continues to identify new potential therapeutic combinations in addition to advance our understanding of how REOLYSIN works,” said Dr. Brad Thompson , President and CEO of Oncolytics. “This work is an important part of the ongoing development of our proprietary formulation of the human reovirus.”
Oncolytics Biotech Inc., a development stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancers. The company develops REOLYSIN, a cancer therapeutic that is in various clinical trials for human use.
Finally, Rent-A-Center Inc (NASDAQ:RCII), ended its last trade with -1.35% loss, and closed at $30.01.
Rent-A-Center, donated $5000 to PACE Center for Girls, a Florida-based nonprofit dedicated to brightening the future of middle and high school aged girls deemed at risk for juvenile delinquency and vulnerable to sex trafficking through education, counseling, training and advocacy.
The contribution is tied to a philanthropic initiative that provides unpredictable donations to deserving nonprofits across the country. Dubbed Random Acts of Caring the Rent-A-Center initiative dates to 2008.
Rent-A-Center, Inc., together with its auxiliaries, leases household durable goods to customers on a rent-to-own basis. The company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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