On Wednesday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)’s shares inclined 1.30% to $137.64.
Vertex Pharmaceuticals Incorporated ( VRTX) stated merged financial results for the quarter ended June 30, 2015. Vertex also raised its financial guidance for total 2015 KALYDECO® (ivacaftor) revenues and reiterated its preceding guidance for non-GAAP operating expenses. Key financial results comprise:
ORKAMBI™ (lumacaftor/ivacaftor)
On July 2, 2015, the U.S. Food and Drug Administration (FDA) approved ORKAMBI (lumacaftor/ivacaftor) for the treatment of cystic fibrosis (CF) in people ages 12 and older with two copies of the F508del mutation. Patients have now begun to receive ORKAMBI. Outside of the U.S., Vertex has presented ORKAMBI for regulatory approval in the European Union, Australia and Canada. A decision by the European Medicines Agency (EMA) is anticipated by the end of 2015. Reviews by Health Canada and Australia’s Therapeutic Goods Administration (TGA) are ongoing.
Vertex Pharmaceuticals Incorporated engages in discovering, developing, manufacturing, and commercializing small molecule drugs for patients with serious diseases in specialty markets. The company focuses on developing and commercializing therapies for the treatment of cystic fibrosis (CF); and advancing its research and early-stage development programs.
SVB Financial Group (NASDAQ:SIVB)’s shares dropped -5.88% to $137.77.
SVB Financial Group (SIVB) the bank of the world’s most innovative companies and their investors, declared it has hired the team from startup company Standard Treasury to assist accelerate the development of its API (application programming interface) banking services that will enable easier collaboration, product development and integration with SVB’s clients.
Led by Daniel Kimerling and Zachary Townsend, the former Standard Treasury team joined Silicon Valley Bank’s information technology team this week in support of SVB’s expanding digital banking platform. Silicon Valley Bank also attained certain assets of Standard Treasury. Transaction details related to Standard Treasury will not be revealed.
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking accounts, money market accounts, and multi-currency and sweep accounts, in addition to lockbox, electronic deposit capture, and merchant services; credit products and services, counting term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash administration products and services comprising wire transfer and automated clearing house payment, bill pay, account analysis, and disbursement, in addition to online and mobile banking services. This segment also provides foreign exchange services; various loan and credit facilities; letters of credit, counting export, import, and standby letters of credit; investment services and solutions; investment advisory services; third party money market mutual funds and fixed-income securities; vineyard development loans and community development loans to clients in the wine industry; and equity valuation services to companies and venture capital/private equity firms, in addition to invests in debt funds.
At the end of Wednesday’s trade, Net Element International Inc (NASDAQ:NETE)‘s shares dipped -6.13% to $0.221.
Net Element, Inc. (NETE) a provider of global mobile payment technology solutions and value-added transactional services recently launched “Restoactive”, a comprehensive mobile restaurant solution. Restoactive all-in-one mobile application operates with the merchant’s existing point-of-sale (“POS”) system, which allows value-added offerings to be accessible in the current merchant environment. This removes much of the effort needed to adopt new technology or replace existing ones on restaurant administration platforms.
Restoactive was developed through a combined effort between our in-house engineers, and third party payments and hospitality experts. We believe Restoactive is the first of its kind integrated platform, which introduces all-in-one digital menu, kiosk and mobile POS application into an existing POS environment without the need to displace existing restaurant administration platforms. Restoactive platform seamlessly plugs into a current restaurant environment through integration with some of the biggest POS and restaurant administration platforms such as: MICROS®, POSitouch®, Aloha® and Symphony®. By integrating into the leading POS and restaurant administration platforms, Restoactive is now accessible to over 500,000 restaurants in the United States.
Net Element, Inc., a global payments-as-a-service, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. The company, through its partner, TOT Group, Inc., operates Unified Payments that processes cashless transactions for card-present or card-not-present transactions, counting point-of-sale (POS), mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, in addition to processes other cashless transactions, counting checks and direct debits.
Lions Gate Entertainment Corp. (USA) (NYSE:LGF), ended its Wednesday’s trading session with -0.37% loss, and closed at $37.85.
In a move bringing cutting edge entertainment technology to one of its most exciting new brands, Lionsgate (LGF), a premier next generation global content leader, declared recently that it is partnering with leading game developer and publisher Starbreeze (STAR:OMX) to launch a first-person shooter game in virtual reality (VR) based on Lionsgate`s box office hit John Wick. Best in class virtual reality studio and distributor WEVR, the company responsible for theBlu: Encounter, which was used to introduce the HTC Vive VR platform earlier this year, will transport players with the creation of a fully immersive VR experience that will introduce the game. Grab, the acclaimed development team with extensive mobile games and VR experience, will spearhead the development. Starbreeze will be publishing the product across multiple VR platforms.
The companies will team to create a standalone, first-person shooter game based on the world and characters of the John Wick films and centered around the infamous Continental Hotel. In addition, Starbreeze will further integrate the John Wick storyline into its wildly popular Payday game, which has over nine million players worldwide, facilitating cross promotion and integration of the two games. John Wick producer Basil Iwanyk of Thunder Road Pictures and the movie`s production team will be collaborating closely with the WEVR and Grab teams for the development of the VR game and experience.
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, channel platforms, and international distribution and sales activities. The company operates through two segments, Motion Pictures and Television Production.
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