On Thursday, Advaxis, Inc. (NASDAQ:ADXS)’s shares declined -4.57% to $14.21.
Advaxis, Inc. (ADXS), a clinical-stage biotechnology company developing cancer immunotherapies, declared that it has designated Shelonitda S. Rose, M.D., as Vice President, Clinical Development. Dr. Rose brings to Advaxis more than 15 years of experience in medical oncology and hematology clinical research.
In her role as Vice President, Clinical Development, Dr. Rose will report to Advaxis’s Executive Vice President, Chief Medical Officer, David J. Mauro, MD, Ph.D., and will oversee clinical development programs for the Company’s Lm Technology™ platform. Advaxis has initiated three new clinical trials in 2015, counting a combination study involving ADXS-PSA and Merck’s PD-1 checkpoint inhibitor KEYTRUDA® (pembrolizumab). In addition, the Company anticipates to initiate six additional clinical trials by the end of year to evaluate its Lm Technology™ immunotherapy in cervical cancer, HPV-associated anal cancer and HER2 expressing solid tumors.
Advaxis, Inc., a clinical stage biotechnology company, focuses on the discovery, development, and commercialization of Lm-LLO cancer immunotherapies in the United States.
Legg Mason Inc (NYSE:LM)’s shares dropped -1.93% to $47.19.
Legg Mason, Inc. (LM) stated its operating results for the first fiscal quarter ended June 30, 2015. The Company stated net income1 of $94.5 million, or $0.84 per diluted share, as contrast to $83.0 million, or $0.73 per diluted share, in the previous quarter, and net income of $72.2 million, or $0.61 per diluted share, in the first quarter of fiscal 2015. Comprised of in this quarter’s results was a non-cash tax benefit of $18.0 million, or $0.16 per diluted share, resulting from an enhance in the value of our deferred tax assets, primarily due to changes in the New York City tax code. Adjusted income2 for the first fiscal quarter was $129.3 million, or $1.14 per diluted share, as contrast to $117.9 million, or $1.03 per diluted share, in the previous quarter and $107.2 million, or $0.91 per diluted share, in the first quarter of fiscal 2015. For the current quarter, operating revenues were $708.6 million, up 1% from $702.3 million in the preceding quarter, and up 2% contrast to $693.9 million in the first quarter of fiscal 2015. Operating expenses were $584.1 million, up 2% from $573.4 million in the preceding quarter, and up 2% contrast to $574.3 million in the first quarter of fiscal 2015.
Legg Mason, Inc. is a publicly owned asset administration holding company. The firm provides investment administration and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles through its wholly owned auxiliaries. Legg Mason, Inc. was founded in 1899 and is based in Baltimore, Maryland.
At the end of Thursday’s trade, AMC Netoperates Inc (NASDAQ:AMCX)‘s shares dipped -4.51% to $69.65.
AMC Netoperates Inc. (AMCX) stated financial results for the second quarter ended June 30, 2015.
Second quarter net revenues raised 15.1%, or $79 million, to $601 million over the second quarter of 2014, led by 22.8% growth at National Netoperates which was partially offset by a decrease of $12 million at International and Other. Adjusted Operating Cash Flow (“AOCF”)2 totaled $191 million, an enhance of 21.9%, or $34 million, as compared to the preceding year period. National Netoperates AOCF raised 33.3% and International and Other AOCF reduced $11 million as compared to the preceding year period. Operating income was $159 million, an enhance of 22.7%, or $29 million, as compared to the preceding year period. The operating income enhance resulted from 33.9% growth at National Netoperates partially offset by an enhance of $13 million in operating loss at International and Other. As talk abouted in the “Other Matters” section of this release, results reflected the impact of the BBC AMERICA acquisition.
For the six months ended June 30, 2015, net revenues raised $223 million, or 21.3%, to $1.270 billion, AOCF raised $127 million, or 39.0%, to $451 million, and operating income raised $112 million, or 40.6%, to $390 million.
AMC Netoperates Inc. owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Netoperates, and International and Other. The National Netoperates segment operates five distributed entertainment programming netoperates under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high-definition and standard-definition formats. This segment distributes its netoperates in the United States through cable and other multichannel video programming distribution platforms, counting direct broadcast satellite and platforms operated by telecommunications providers.
TrueCar Inc (NASDAQ:TRUE), ended its Thursday’s trading session with -6.06% loss, and closed at $4.96.
TrueCar, Inc. (TRUE), the negotiation-free car buying and selling platform, recently declared its financial results for the second quarter ended June 30, 2015.
Administration Transitions
TrueCar is also announcing that its Founder, Chief Executive Officer and Chairman, Scott Painter, will step down as CEO later this year. Mr. Painter will retire when his successor takes office, which is predictable to occur by year-end. Mr. Painter will continue to serve as Chairman of TrueCar’s Board of Directors.
Finally, TrueCar declared that Christopher Claus, former President of USAA Financial Advice & Solutions Group and a current director of TrueCar, has been named Lead Independent Director. Mr. Claus will focus on the Board’s search committee to find a new CEO in addition to building deeper ties with USAA.
TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications. It also customizes and operates its platform for its affinity group marketing partners, counting financial institutions, membership-based organizations, and employee buying programs for large enterprises.
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