On Thursday, Eli Lilly and Co (NYSE:LLY)’s shares declined -0.19% to $77.68.
Eli Lilly and Co (LLY) has committed another 780,000 vials of insulin to the International Diabetes Federation’s Life for a Child program. Life for a Child provides free, life-saving medicine to children living in impoverished communities who otherwise would not have access to the insulin they need. The International Diabetes Federation (IDF) is the global advocate for people with diabetes, representing 230 national diabetes associations in 170 countries and territories.
Lilly’s new commitment builds on the company’s previous donation of 800,000 vials of insulin over the past six years, which reached more than 14,000 children in 34 countries. Over the next three years, Lilly will donate about 260,000 vials of insulin each year to the Life for a Child program. This commitment will allow Life for a Child to continue providing treatment for children in the countries where the program presently operates and to enhance the amount of insulin supplied for distribution.
Lilly is the sole provider of insulin to the IDF’s Life for a Child program. The original donation of 800,000 vials represented Lilly’s largest-ever product donation at the time. This new development extends Lilly’s total commitment to Life for a Child to nearly 1.6 million vials of insulins.
Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. It operates in two segments, Human Pharmaceutical Products and Animal Health products. The company offers endocrinology products to treat diabetes; osteoporosis in postmenopausal women and men; human growth hormone deficiency and pediatric growth conditions; and testosterone deficiency.
Endo International plc - Ordinary Shares (NASDAQ:ENDP)’s shares dropped -0.56% to $84.18.
Endo International plc - Ordinary Shares (ENDP) declared the upsizing and pricing of its registered offering of ordinary shares (the “Offering”). The size of the Offering has been raised and the Company will issue 24,024,025 ordinary shares at a price of $83.25 per share, for aggregate gross proceeds of about $2 billion as contrast to $1.75 billion that was formerly declared on June 2, 2015 . Closing of the Offering is predictable to occur on or about June 10, 2015 . The Company has also granted to the underwriters of the Offering an option, exercisable for a period of 30 days following the date of the final prospectus supplement, to purchase an additional 3,603,603 ordinary shares. The Company anticipates to use the net proceeds of the Offering, together with the proceeds of additional indebtedness and cash on hand, to fund the formerly declared acquisition of Par Pharmaceutical Holdings, Inc. (“Par”), in addition to repayments of indebtedness of Par and certain transaction expenses. The Company intends to use any remaining proceeds for general corporate purposes, counting acquisitions and debt repayments. However, the Offering is not conditioned on consummating the Par acquisition. If the Par acquisition is not consummated, the Company plans to use the net proceeds of the Offering for general corporate purposes, counting acquisitions and debt repayments.
Goldman, Sachs & Co., J.P. Morgan, Barclays and Deutsche Bank Securities are acting as joint bookrunning managers and as representatives of the underwriters for the offering. In addition, RBC Capital Markets is acting as a bookrunning manager and Citigroup, Morgan Stanley, MUFG, SunTrust Robinson Humphrey and TD Securities are acting as co-managers for the Offering.
Endo International plc, a specialty healthcare company, focuses on branded and generic pharmaceuticals and devices worldwide. It operates through four segments: U.S. Branded Pharmaceuticals, U.S. Generic Pharmaceuticals, Devices, and International Pharmaceuticals.
At the end of Thursday’s trade, Apple Inc. (NASDAQ:AAPL)‘s shares dipped -0.58% to $129.36.
Apple Inc. (AAPL) declared Apple Watch™ will be accessible in Italy, Mexico, Singapore, South Korea, Spain, Switzerland and Taiwan startning Friday, June 26 from the Apple Online Store (www.apple.com), Apple’s retail stores and select Apple Authorized Resellers.
Apple Watch, Apple’s most personal device yet, is an incredibly accurate timepiece, an intimate and immediate communication device and a groundbreaking health and fitness companion. Highly customizable for personal expression, Apple Watch also brings an entirely new way to receive information at a glance and interact with the world through third-party app experiences designed specifically for the wrist.
Apple Watch introduces revolutionary technologies counting the Digital Crown™, an innovative way to scroll, zoom and navigate fluidly without obstructing the display. The Retina® display with Force Touch on Apple Watch senses the difference between a tap and a press, providing a new way to quickly and easily access relevant controls. The Taptic Engine™ discreetly delivers a gentle tap on your wrist whenever you receive a notification or message.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets; Mac, a line of desktop and portable personal computers; iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, and iPod shuffle; and Apple Watches, personal electronic devices that combine watch technology with an iOS-based user interface.
Globalstar, Inc. (NYSEMKT:GSAT), ended its Thursday’s trading session with -1.34% loss, and closed at $2.21.
Globalstar, Inc. (GSAT) has declared that it has once again teamed up with Lt. General Russel L. Honore, U.S. Army (Stepped down) in an initiative to raise awareness of the irreplaceable role that non-terrestrial based communications, such as Globalstar’s satellite phone solutions, play in emergency and disaster relief situations. In the devastating aftermath of hurricanes Katrina, Rita and more recently, Sandy, satellite communications providers like Globalstar played an essential part in enabling disaster recovery, search and rescue operations and restoring basic services to the public. Lightweight handheld satellite phones and PABX-compatible fixed phone solutions can be rapidly deployed to meet almost any interoperability application involving 2-way radios, telephones, and data networks.
In the aftermath of these recent events, businesses now routinely incorporate satellite phones in their disaster recovery and backup communications planning. Further, as a direct result of Hurricane Katrina, governors have put a renewed focus on statewide disaster preparedness programs, and interoperable emergency communications are a required component of the National Preparedness Aim put forth by the Department of Homeland Security in September 2011. Known for setting the standard in high quality voice and mobile data communications, Globalstar has already been adopted as the preferred statewide backup communications system in many parts of the country.
Honore is best known as an expert on global disaster preparedness. He led the joint task force responsible for the massive search-and-rescue mission and restoration of order in New Orleans and the Mississippi Gulf Coast following Hurricane Katrina in 2005. Additionally, he served in a variety of planning and response operations, counting Hurricanes Floyd, Isabel, Charley, Frances and Ivan, and has supported U.S. military emergency response abroad.
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.
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