On Monday, Shares of ContraVir Pharmaceuticals Inc (NASDAQ:CTRV), gained 123.70% to $4.72.
ContraVir Pharmaceuticals, declared preliminary data dramatizing the unique properties of CMX157, the Company’s highly potent lipid prodrug of the successful antiviral drug tenofovir (TFV). CMX157 was shown to be 60-fold more active than tenofovir against the hepatitis B virus (HBV) based on in vitro studies. This noteworthy potency difference has considerable potential in increasing the safety profile and reducing the side effects contrast to tenofovir DF (Viread®).
The Company believes CMX157’s lipid-conjugate design clearly differentiates it from tenofovir DF. ContraVir plans to file an investigational new drug (IND) application for CMX157 to treat HBV before year-end 2015. CMX157 benefits from earlier human studies in volunteers under an IND for HIV. ContraVir is focused on a quick evaluation of CMX157 in a Phase 2 clinical study in patients with hepatitis B which it plans to start in 2016.
CMX157’s improved absorption technology which utilizes the natural lipid uptake pathway to target the liver has the potential to lower systemic exposure contrast to tenofovir, resulting in reduced off-target toxicity. Other studies with CMX157 are examining the efficiency of CMX157 prodrug conversion to the active antiviral, tenofovir diphosphate, within targeted hepatocytes, and further assessing the in vitro safety profile of CMX157, counting a comprehensive evaluation of the likelihood of drug-drug interactions.
ContraVir Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on the clinical development of FV-100 and CMX157. The Company’s lead product candidate, FV-100, is indicated for the treatment of herpes zoster (HZ) or shingles. CMX157 is indicated for the treatment of Hepatitis B (HBV).
Shares of BlackBerry Ltd (NASDAQ:BBRY), inclined 4.18% to $6.61, during its last trading session.
BlackBerry (NASDAQ:BBRY) has been assigned an average rating of “Hold” from the thirty-two analysts that are presently covering the stock, AnalystRatings.NET reports. Six analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.93.
BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, compriseing of smartphones, service and software.
Shares of Blackstone Group LP (NYSE:BX), inclined 6.02% to $33.40, during its last trading session.
The Blackstone Group, declared the final close of its latest global real estate fund, Blackstone Real Estate Partners VIII (“BREP VIII”), at $15.8 billion. Blackstone presently manages two regional opportunistic real estate funds, the $8.2 billion Blackstone Real Estate Partners Europe IV and the $5 billion Blackstone Real Estate Partners Asia.
Among the fund’s initial investments are the purchase of noteworthy real estate assets from General Electric Capital Corporation, and the declared agreement to acquire Planned Hotels, a publicly traded real estate investment trust.
Substantially all of the capital in the fund comes from investors that had formerly take partd in Blackstone’s real estate funds. These investors are both from the US and around the world.
The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset administration businesses comprise investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds’ mandates.
Finally, UDR, Inc. (NYSE:UDR), ended its last trade with 0.74% gain, and closed at $35.29.
UDR, declared that it will release its third quarter 2015 financial results on Monday, October 26, 2015 after the market closes. A conference call will be held on Tuesday, October 27, 2015 at 1:00 p.m. Eastern time. The conference call will be open to the public.
UDR, Inc. is a self-administered real estate investment trust (REIT). The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States.
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