On Wednesday, Supernus Pharmaceuticals Inc (NASDAQ:SUPN)’s shares declined -5.27% to $16.01.
Supernus Pharmaceuticals Inc (SUPN) declared that it has received notice that, effective following the close of trading on June 15, 2015, New Enterprise Associates (NEA) distributed an aggregate of 3,921,000 shares of Supernus Pharmaceuticals common stock to its partners. “It is not uncommon for a venture capital fund to distribute a portion of its position to its limited partners after holding that position for over nine years,” stated Jack Khattar, president and chief executive officer of Supernus. “The NEA funds continue to hold about 63% of their original holdings, or 6,729,000 shares, and remain the largest stockholder of Supernus.
Supernus Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system diseases in the United States. Its marketed products comprise Oxtellar XR, an extended-release oxcarbazepine and Trokendi XR, an extended-release topiramate, which are neurology products used for the treatment of epilepsy.
Synopsys, Inc. (NASDAQ:SNPS)’s shares gained 0.12% to $50.07.
Synopsys, Inc. (SNPS) declared that Imagination Technologies has successfully used IC Compiler™ II place and route solution as part of the design flow used to tape out its latest PowerVR Wizard ray tracing graphics processor test silicon, based on Imagination’s reference design.
The long-standing planned partnership between Synopsys and Imagination has played a key role in the development of IC Compiler II, and its deployment within Imagination. Imagination’s IMGworks Platform IP Group has already successfully used IC Compiler II as part of the design flow for their leading-edge PowerVR Rogue family of industry-leading GPU IP cores, seeing a substantial acceleration in its design-planning flow contrast to the previous production environment.
Launched last year, IC Compiler II is the successor to IC Compiler, the industry’s leading place and route solution for advanced design across both established and emerging nodes. IC Compiler II is a modern place and route system designed and built from the ground up for speed to deliver an overall 10X improvement in designer throughput and productivity. IC Compiler II was built to deliver a major leap forward in physical design throughput and productivity across all process nodes. Its natively architected multi-everything infrastructure and multicore technology enables ultra-high-capacity design planning capabilities and also serves as a scalable foundation for its unique, patented clocking technology and advanced global, analytical design closure techniques which deliver industry leading quality-of-results and fastest time to market. With high levels of automation, fast user feedback, incremental and convergent engines, IC Compiler II assists manage the many complexities of design planning and implementation. Through these industry-first innovations, IC Compiler II is offering a world of new opportunities by delivering 5X faster runtime together with half the iterations required to achieve the target performance, together proving groundbreaking 10X enhance in design throughput.
Synopsys, Inc. provides electronic design automation (EDA) software products used to design and test integrated circuits and electronic systems in the United States, Europe, Japan, and the rest of Asia Pacific. Its EDA solutions comprise Galaxy Design platform that provides integrated chip design solution; Verification Continuum Platform, which offers virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug; and FPGA design products that are complex chips programmed to perform specific functions.
At the end of Wednesday’s trade, Discovery Communications Inc. (NASDAQ:DISCA)‘s shares surged 1.37% to $33.34.
Velocity, a division of Discovery Communications Inc. (DISCA).Velocity declared the creation of Drive Smart, a national advocacy campaign encouraging and raising awareness for safe driving practices. Joining forces with Mothers Against Drunk Driving® (MADD) and TeenDrive365: In School, Drive Smart is intended to assist save lives by stopping drunk, drugged and distracted driving through a mix of partner initiatives, on-air messages, online content, social media outreach and consumer facing events.
Through VelocityDriveSmart.com the network is urging viewers to take the Drive Smart pledge: to never drive under the influence of alcohol or drugs; to drive free of distractions from phones, friends, food and more; and to protect themselves and loved ones. For every pledge received Velocity is committing a donation to MADD, whose mission is to end drunk driving, to assist fight drugged driving, to support the victims of those violent crimes and to prevent underage drinking. Velocity is also the national media sponsor for Walk Like MADD®, the organization’s signature fundraising event used to raise awareness and funds to assist eliminate drunk driving. Last year Walk Like MADD events raised nearly three million dollars to support MADD’s community programs and victim services at no charge to victims and survivors of drunk and drugged driving crashes.
According to the most recent data accessible from the National Highway Traffic Safety Administration (NHTSA), 3,154 people were killed in motor vehicle crashes involving distracted drivers in 2013 and about 424,000 people were injured. NHTSA also stated that in 2013 10,076 people were killed in alcohol-impaired driving crashes, an average of one fatality every 52 minutes, and another 290,000 people were injured. Alcohol-impaired-driving fatalities accounted for 31 percent of the total motor vehicle traffic fatalities in the United States (NHTSA). About 20 percent of drivers tested positive for at least one drug in 2014, up from 16.3 percent in 2007, and more than 15 percent of drivers tested positive for at least one illegal drug, up from 12 percent in 2007 (NHTSA).
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
Berkshire Hathaway Inc. (NYSE:BRK.B), ended its Wednesday’s trading session with 0.18% gain, and closed at $139.96.
A.M. Best has upgraded the financial strength rating (FSR) to A+ (Superior) from A (Excellent) and the issuer credit rating (ICR) to “aa-” from “a” of CSI Life Insurance Company (CSI Life) (Omaha, NE). In addition, A.M. Best has affirmed the FSR of A+ (Superior) and the ICR of “aa-” of Central States Indemnity Co. of Omaha (CSI) (Omaha, NE). The outlook for all ratings is stable.
The ratings reflect CSI’s excellent risk-adjusted capitalization, inconsistent profitable operating performance, strong balance sheet liquidity and very conservative underwriting leverage, in addition to the benefits made accessible through its ultimate parent, Berkshire Hathaway, Inc. [BRK B]. CSI is a specialty insurance company that provides Medicare supplement insurance, payment protection programs to some of the largest financial organizations in the country and agricultural equipment insurance.
These positive rating factors are offset by the noteworthy reduction in CSI’s credit insurance book of business, which has resulted from the banking industry’s switch to non-insurance debt protection products in lieu of traditional credit insurance. CSI has migrated to other products and services and recently writes more non-credit insurance premiums contrast to its long-standing credit insurance business. Additional offsetting factors comprise CSI’s elevated investment leverage and near-term execution risk and strain to earnings brought on by the up-front costs and investment associated with new lines of business.
Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its auxiliaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
