On Tuesday, Cempra Inc (NASDAQ:CEMP)’s shares inclined 5.84% to $38.25.
Cempra, Inc. (CEMP), a clinical-stage pharmaceutical company focused on developing antibiotics to meet critical medical needs in the treatment of bacterial infectious diseases, recently declared the completion of enrollment for the global Solitaire-IV Phase 3 trial of solithromycin in adult patients with moderate to moderately severe community-attained bacterial pneumonia (CABP). Top-line efficacy and safety data from this study are predictable to be declared by the end of the year.
Cempra, Inc., a clinical-stage pharmaceutical company, focuses on developing antibiotics to meet medical needs in the treatment of bacterial infectious diseases in North America. Its lead product candidates comprise solithromycin (CEM-101), which is in Phase III clinical trials for the treatment of community attained bacterial pneumonia, in addition to for uncomplicated bacterial urethritis; and Taksta (CEM-102), an antibiotic that has accomplished Phase II clinical trials for refractory bone and joint infections.
XPO Logistics Inc (NYSE:XPO)’s shares gained 0.37% to $46.21.
XPO Logistics, Inc. (XPO) declared that the President of the Paris Commercial Court has granted, at XPO`s request, an injunction barring Elliott Capital Advisors L.P. and its related funds (collectively “Elliott”) from transferring their recently attained equity interest in Norbert Dentressangle SA (“ND”) to any third party other than XPO.
The injunction was issued on the basis of evidence showing that Elliott has accumulated its interest in ND through deceptive means that are in violation of applicable disclosure and tender offer regulations. The expedited proceeding brought by XPO in the Paris Commercial Court constitutes a first step in the proceedings that XPO will take to sanction Elliott`s illicit scheme.
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics. The Transportation segment provides truckload, less-than truckload and intermodal brokerage, and last-mile delivery logistics services under the brands XPO Logistics, XPO Last Mile, and Pacer; and time-critical, time-sensitive, or high precedingity freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.
At the end of Tuesday’s trade, Douglas Emmett, Inc. (NYSE:DEI)‘s shares surged 1.40% to $28.95.
Douglas Emmett, Inc. (DEI), a real estate investment trust (REIT), declared recently that it plans to release its 2015 second quarter earnings results after the close of the stock market on Tuesday, August 4, 2015. A live conference call is planned for the following day, Wednesday, August 5, 2015, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call together with Theodore Guth, Chief Financial Officer, and Kevin Crummy, Chief Investment Officer.
Douglas Emmett, Inc., a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. As of December 31, 2007, the companys office portfolio compriseed of 48 properties and multifamily portfolio compriseed of 9 properties. Its properties are located in Brentwood, Olympic Corridor, Century City, Beverly Hills, Santa Monica, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, and Burbank submarkets of Los Angeles County, California, in addition to in Honolulu, Hawaii. The company is headquartered in Santa Monica, California.
Qunar Cayman Islands Ltd (NASDAQ:QUNR), ended its Tuesday’s trading session with 1.17% gain, and closed at $41.42.
Qunar Cayman Islands Limited (QUNR) declared that it has received the final judgment (the “Final Judgment”) from the Beijing High People’s Court (the “Court”) with respect to the contract dispute regarding an Inventory Distribution Agreement for hotels with eLong, Inc., which was formerly described in the Company’s annual report on Form 20-F for the fiscal year of 2014. The Company does not believe that the Final Judgment will have any material impact on its future business, results of operations or financial condition.
In the Final Judgment, the Court upheld the preceding judgment of the Beijing No. 1 Intermediate People’s Court from January 1, 2015 that (i) our partner, Beijing Qunar Software Technology Co., Ltd. (“Beijing Qunar”) shall credit to the advertisement account opened at Beijing Qunar by eLongNet Information Technology (Beijing) Co., Ltd. (“eLongNet”), a partner of eLong, Inc., the amount of RMB52,335,369 (about US$8.5 million) corresponding to the period up to September 30, 2014; and RMB36,450,000 (about US$6.0 million) for the period from October 1, 2014 through June 30, 2015; (ii) eLongNet shall pay Beijing Qunar a commission of RMB8,127,400 (about US$1.3 million) due under the Inventory Distribution Agreement; and (iii) the Inventory Distribution Agreement shall continue to be performed by both parties. The Court also ordered Beijing Qunar to pay eLongNet RMB227,599 (US$37 thousand) in legal fees, and apportioned court fees between the parties.
Qunar Cayman Islands Limited operates an online travel commerce platform in the Peoples Republic of China. The company through its platform provides a range of travel products comprising flight tickets, hotels, vacation packages, and attraction tickets, in addition to display advertising, train tickets, car services, smart lodging, and other services. Its customers comprise flight travel service providers, airlines, independent hotels, online travel agencies, insurance service providers, and others.
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