On Tuesday, ANI Pharmaceuticals Inc(NASDAQ:ANIP)’s shares declined -15.78% to $46.66.
ANI Pharmaceuticals, Inc. (“ANI”) (ANIP) declared that it has agreed to acquire the NDAs for purified corticotropin gel and corticotropin-zinc hydroxide from Merck (known as MSD outside of the United States and Canada) for $75 million in cash and a percentage of future net sales. ANI estimates that the current annual U.S. market for the products it is acquiring is about one billion dollars as evidenced by sales of H.P. Acthar® gel marketed by Mallinckrodt Pharmaceuticals. The acquisition is being funded through cash on hand and is subject to certain customary closing conditions.
Corticotropin gel is a purified corticotropin (ACTH) in a sterile solution of gelatin for prolonged activity. Corticotropin-zinc hydroxide (sterile corticotropin zinc hydroxide suspension USP) is a sterile aqueous suspension of purified corticotropin (ACTH) with zinc hydroxide for repository action. The products are approved for various disease states counting Multiple Sclerosis, Rheumatic disorders, Dermatologic diseases, and a variety of Collagen, Ophthalmic, Respiratory diseases in addition to Allergic and Edematous states.
ANI Pharmaceuticals, Inc., an integrated specialty pharmaceutical company, develops, manufactures, and markets branded and generic prescription pharmaceuticals. It manufactures oral solid dose products, in addition to liquids and topicals, narcotics, and potent products.
Alaska Air Group, Inc.(NYSE:ALK)’s shares dropped -4.19% to $78.65.
Alaska Airlines launches its annual Permanent Fund Dividend (PFD) sale, with discounts on air travel for residents of the 49th state. The one-way PFD fares are valid for travel within and to/from Alaska starting Oct. 13, 2015, through May 24, 2016. For the first time this year, Alaska Airlines is also offering members of its Club 49 program an extra 1,000 bonus miles for each roundtrip flown during the seven month travel window.**
“Alaska Airlines’ PFD sale offers our loyal customers some of our best fares of the year with a longer travel window than any other sale,” said Marilyn Romano, the airline’s regional vice president for the state of Alaska. “This is a great time to ask yourself ‘Where Do You Want to Be?’ this winter and spring and plan your families’ vacations.”
Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments.
At the end of Tuesday’s trade, Splunk Inc(NASDAQ:SPLK)‘s shares dipped -3.16% to $57.63.
Splunk Inc. (SPLK), provider of the leading software platform for real-time Operational Intelligence, declared Splunk IT Service Intelligence (ITSI). Splunk ITSI builds upon Splunk’s deep product expertise and recognized customer value in IT Operations by introducing a solution that provides breakthrough visibility into the health and key performance indicators of IT services. This new solution delivers a central, unified view of critical IT services and leverages advanced analytics driven by machine learning to highlight anomalies, detect root cause and pinpoint areas of impact. Experience the power and innovation of Splunk solutions and try the Splunk ITSI online sandbox recently.
Splunk, Inc. provides software products that enable organizations to gain real-time operational intelligence in the United States and internationally. The company’s products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source users.
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