On Thursday, Relypsa Inc (NASDAQ:RLYP)’s shares declined -5.69% to $22.38.
Relypsa, Inc. (RLYP), a biopharmaceutical company, recently stated financial results for the quarter ended June 30, 2015. Net loss for the second quarter 2015 was $39.3 million, or $0.95 per share, contrast to $16.7 million, or $0.51 per share, for the comparable period in 2014.
Cash, cash equivalents and short-term investments totaled $299.0 million at June 30, 2015, contrast to $135.8 million at December 31, 2014. Shares outstanding as of June 30, 2015 were 41.6 million.
Research and development expenses for the second quarter of 2015 were $18.6 million, contrast to $11.1 million for the comparable period in 2014. The enhance was primarily driven by enhances in personnel expenses and manufacturing activities.
Relypsa, Inc., a biopharmaceutical company, focuses on the development and commercialization of non-absorbed polymeric drugs to treat disorders in the areas of renal, cardiovascular, and metabolic diseases in the United States. Its lead product candidate comprises Patiromer, a non-absorbed potassium binding polymer that accomplished Phase III clinical trial for the treatment of hyperkalemia.
DragonWave, Inc. (USA) (NASDAQ:DRWI)’s shares dropped -3.51% to $0.220.
DragonWave Inc. (DWI.TO)(DRWI), a leading global supplier of packet microwave radio systems for mobile and access netoperates, declared that its request to transfer the listing of its securities from The NASDAQ Global Market to The NASDAQ Capital Market has been approved by the Staff of the NASDAQ Listing Qualifications Department (“NASDAQ Staff”), effective with the open of trading on August 28, 2015. The Company’s common shares will continue to trade under the symbol “DRWI”.
As formerly declared, on March 5, 2015, the Company received notice that its closing bid price had been below US$1.00 per share for 30 successive business days and that, accordingly, the NASDAQ Staff had granted the Company an extension through August 31, 2015 to regain compliance with the US$1.00 per share bid price requirement. The Company has not been able to regain compliance with this requirement within such period, and the Company transferred the listing of its common shares from The NASDAQ Global Market to The NASDAQ Capital Market. In connection with such transfer, the Company was granted an additional 180 days to regain compliance with the minimum $1.00 bid price per share requirement. The new extension period runs through February 29, 2016. In order to regain compliance with the $1.00 per share bid price requirement, the Company’s common stock must close at $1.00 per share or more for a minimum of 10 successive business days (subject to being raised to 20 successive business days at the discretion of NASDAQ’s Staff) preceding to the end of the new extension period. If the Company cannot demonstrate compliance with this requirement by February 29, 2016, or it does not comply with the terms of the extension granted by the NASDAQ Staff, the Company’s common stock may then be subject to delisting.
DragonWave Inc. provides high-capacity packet microwave solutions that drive next-generation IP netoperates worldwide. The company designs, develops, markets, and sells proprietary, carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video, and other data between two points. Its wireless carrier-Ethernet links, which are based on a native Ethernet platform, function as a wireless extension to an existing fiber and global optic core telecommunications network.
At the end of Thursday’s trade, Restaurant Brands International Inc (NYSE:QSR)‘s shares surged 1.66% to $38.03.
The BURGER KING® brand is owned by Restaurant Brands International Inc. (TSX,NYSE:QSR), BURGER KING® restaurants are introducing its spiciest product yet, new Fiery Chicken Fries. Accessible for a limited time only, Fiery Chicken Fries are made with the same white meat chicken as original Chicken Fries, flavored with a marinade of cayenne pepper, black pepper and other savory spices that will make your mouth cry.
BURGER KING® restaurants brought back Chicken Fries as a permanent menu item in March 2015 to satisfy the pleas of craving fans on social media. Since Chicken Fries fans are always open to bold, new adventures, and with over half of all Americans surveyed saying they prefer very spicy foods*, Fiery Chicken Fries were developed to create a flavor experience somewhere between pleasure and OM#G.
Restaurant Brands International Inc. owns and operates quick service restaurants under the Burger King and Tim Hortons brand names. As of February 17, 2015, it franchised or owned 19,043 restaurants in about 100 countries and U.S. territories worldwide. The company was founded in 1954 and is headquartered in Oakville, Canada.
CHC Group Ltd (NYSE:HELI), ended its Thursday’s trading session with 1.30% gain, and closed at $0.780.
CHC Group (HELI), the parent company of CHC Helicopter, declared that on August 28, 2015, the Company was notified by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with the NYSE’s continued listing standards as the Company failed to maintain an average global market capitalization greater than $50 million over a 30 trading-day period and stockholders’ equity greater than $50 million, each as calculated by the NYSE. The NYSE notification has no impact on the Company’s business operations.
In accordance with NYSE procedures, the Company intends to notify the NYSE that it will submit a plan within 45 days from receipt of the NYSE notice that demonstrates how the Company intends to regain compliance with the listing standards within 18 months. Upon receipt of the plan, the NYSE has 45 days to review and determine whether the Company has made a reasonable demonstration of its ability to come into conformity with the relevant standards within the 18-month period. The NYSE will either accept the plan, at which time the Company will be subject to quarterly monitoring for compliance with this plan, or the NYSE will not accept the plan and can commence suspension and delisting proceedings of the Company’s ordinary shares.
As formerly stated, the Company received an earlier notice from the NYSE that the Company is not in compliance with another NYSE continued listing standard because the average closing price of the Company’s ordinary shares was less than $1.00 per share over a 30 trading-day period. The Company responded to the NYSE on August 4, 2015 that it intends to cure this non-compliance before the expiration of the six month cure period, or January 23, 2016.
CHC Group Ltd. provides commercial helicopter services to the offshore oil and gas industry worldwide. The company operates in two segments, Helicopter Services and Heli-One. Its helicopters are primarily used to facilitate long-distance crew changes on offshore production facilities and drilling rigs. The company also offers search and rescue services, and emergency medical services to government agencies. As of April 30, 2014, it operated a fleet of heavy and medium commercial helicopters serving the offshore oil and gas industry with 236 helicopters through a network of about 70 bases in about 30 countries.
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