On Tuesday, Epirus Biopharmaceuticals Inc (NASDAQ:EPRS)’s shares inclined 15.49% to $7.38.
EPIRUS Biopharmaceuticals, Inc. (EPRS) and Polpharma Group declared the signing of a multi-product, multi-region profit-sharing partnershipfor select EPIRUS biosimilars, counting BOW015 (infliximab, reference biologic Remicade®), BOW050 (adalimumab, reference biologic Humira®) and BOW070 (tocilizumab, reference biologic Actemra®), representing $6 billion in innovator sales in the specified territoriesi. Polpharma Group is a leading generics company based in Poland with annual sales of about $1 billion and a strong commercial infrastructure, counting a salesforce of over 1,700 employees globally.
With EPIRUS leading the global product development and clinical programs, both parties will jointly fund clinical development and collaborate on regulatory filings in the specified territories. EPIRUS will also be responsible for process development, scale-up and manufacturing, with Polpharma Group overseeing commercialization across the territories. Clinical development costs and eventual operating profit will be split 51 percent Polpharma Group and 49 percent EPIRUS. Polpharma Group will contribute about $30 million towards clinical development costs, in addition to cover product launch costs across all three programs.
EPIRUS Biopharmaceuticals, Inc., a commercial-stage biopharmaceutical company, develops, manufactures, and commercializes biosimilar therapeutics worldwide. Its lead product candidate is BOW015, a biosimilar version of Remicade (infliximab) for the treatment of various inflammatory diseases.
Embraer SA (ADR) (NYSE:ERJ)’s shares gained 2.12% to $30.90.
Boeing and Embraer S.A. (BM&F Bovespa: EMBR3, NYSE: ERJ) recently declared that they intend to collaborate to test environment-focused technologies through the ecoDemonstrator Program in a joint effort to improve aviation’s environmental performance. This expands ongoing cooperation between two of the world’s largest airplane manufacturers.
Frederico Curado, president and CEO of Embraer, and Marc Allen, president of Boeing International, signed a Memorandum of Understanding at the Brazil-U.S. Business Summit organized by the Brazil-U.S. Business Council. The business summit, hosted by the U.S. Chamber of Commerce, occurred during an official visit by Brazil’s President Dilma Rousseff with U.S. President Barack Obama.
Embraer S.A. designs, develops, manufactures, and sells aircraft and systems; and provides technical support and after-sales service in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments.
At the end of Tuesday’s trade, Bank of Montreal (USA) (NYSE:BMO)‘s shares dipped -0.26% to $58.36.
Bank of Montreal (USA) (BMO) while the majority of Canadians would like to improve their financial standing, many admit that bad spending and savings habits and an unwillingness to make sacrifices are keeping them from doing so.
The poll, conducted by Pollara, revealed:
- The vast majority of Canadians (88 per cent) would like to improve their financial standing; however, more than one-quarter (27 per cent) do not know where to start.
- More than one third (38 per cent) say they have developed bad spending and savings habits that are negatively affecting their finances, while another 31 per cent are not willing to give up the things they enjoy to improve their financial standing.
Bank of Montreal offers various banking products and services in Canada, the United States, and internationally. The company’s personal and commercial banking products and services comprise chequing and savings accounts; banking services, counting 24/7 banking, direct deposits, bill payments, overdraft services, money transfers, wire transfers, and travel insurance; credit cards; mortgages; loans and lines of credit; and creditor insurance.
Primero Mining Corp (NYSE:PPP), ended its Tuesday’s trading session with -7.69% loss, and closed at $3.48.
ccording to BMO’s Annual Debt Report released recently, almost two-thirds of Canadians with debt (64 per cent) would be stressed in the event interest rates rose two percentage points, with one-quarter (25 per cent) saying they would be very stressed.
Meanwhile, there is optimism among Canadians regarding the pace at which they can pay their debt down and there remains an appetite for taking on more debt in the next year.
The annual poll, conducted by Pollara, revealed:
- The average household debt in Canada is $92,699, trending slightly above the four year average of $88,303 dating back to 2012 when the annual polling began.
- While almost half of Canadians (46 per cent) feel some stress about their current debt load, the percentage is lower contrast with the past two years (54 per cent in 2014, and 57 per cent in 2013).
- The majority (59 per cent) believe they will pay off their current debt in five years or less.
- However, 46 per cent of those with debt plan to take on more debt in the coming year.
Bank of Montreal offers various banking products and services in Canada, the United States, and internationally. The company’s personal and commercial banking products and services comprise chequing and savings accounts; banking services, counting 24/7 banking, direct deposits, bill payments, overdraft services, money transfers, wire transfers, and travel insurance; credit cards; mortgages; loans and lines of credit; and creditor insurance.
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