On Tuesday, Abbott Laboratories (NYSE:ABT)’s shares inclined 0.02% to $50.51.
Abbott (ABT) declared that it has reached a contract to purchase Tendyne Holdings, Inc., a private medical device company focused on developing minimally invasive mitral valve replacement therapies. Under the terms of the agreement, Abbott will acquire the equity of Tendyne that it does not already own for $225 million upfront, resulting in a total transaction value of $250 million, plus potential future payments tied to regulatory milestones.
Tendyne’s Bioprosthetic Mitral Valve System is an investigational device and not presently accessible for sale. The U.S. Food and Drug Administration has offered approval for a feasibility clinical trial to provide data about the device’s safety and effectiveness. The trial has begun enrolling patients, and there are plans to start enrollment next year in a clinical trial to support CE Mark in Europe.
Abbott Laboratories manufactures and sells health care products worldwide. Its Established Pharmaceutical Products segment offers branded generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency; irritable bowel syndrome; intrahepatic cholestasis or depressive symptoms; gynecological disorders; dyslipidemia; hypertension; hypothyroidism; pain, fever, and inflammation; hormone replacement therapy; anti-infective and influenza vaccines; and product that regulates physiological rhythm of the colon.
Cheniere Energy, Inc. (NYSEMKT:LNG)’s shares gained 0.55% to $66.34.
Cheniere Energy, Inc. (LNG) through its partner, Cheniere Marketing International LLP has reached a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Central El Campesino, under which Central El Campesino would purchase about 0.6 million tonnes per annum (“mtpa”) of LNG delivered ex-ship for 20 years startning in 2019 from the Corpus Christi Liquefaction Project presently under construction near Corpus Christi, Texas.
Central El Campesino is developing a 640 MW gas-fired combined-cycle power plant in Chile which is predictable to provide power into Chile’s Central Interconnected System (SIC). In the December 2014 power auction, Central El Campesino won a bid to sell about 480 MW to local distribution companies (LDC’s), which would underpin the construction of the power plant. The LNG would be delivered, stored and regasified at the projected floating storage regasification unit (FSRU), Penco Lirquén LNG Terminal.
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. The company owns and operates Sabine Pass LNG terminal in western Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
At the end of Tuesday’s trade, Cabot Oil & Gas Corporation (NYSE:COG)‘s shares dipped -0.16% to $25.50.
Cabot Oil & Gas Corporation (COG) declared that its Board of Directors declared a regular dividend of two cents ($0.02) per share on the Company’s common stock. The dividend will be paid August 19, 2015 to all shareholders of record as of the close of business August 5, 2015.
Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale in northeast Pennsylvania with about 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with about 89,000 net acres in the oil window of the play. It also transports, stores, gathers, and purchases natural gas for resale.
Autodesk, Inc. (NASDAQ:ADSK), ended its Tuesday’s trading session with 1.59% gain, and closed at $54.15.
Autodesk, Inc. (ADSK) declared that Spark, its open 3D printing platform, has been embedded into Windows 10.
To make 3D printing more accessible to Windows users worldwide, the Spark 3D printing platform will provide an optimized 3D printing experience directly within Windows 10. This assists streamline the additive manufacturing process from design to fabrication. Autodesk will also make the free* Spark APIs accessible to the Microsoft developer community, further extending the reach and growth of the 3D printing industry.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
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