On Tuesday, Inovio Pharmaceuticals Inc (NASDAQ:INO)’s shares declined -5.21% to $7.10.
Inovio Pharmaceuticals (INO) recently declared its DNA vaccine targeting the virulent Middle East Respiratory Syndrome (MERS) induced 100% protection from a live virus challenge in a preclinical study. This medical advancement is notable because there is no vaccine or effective treatment for the MERS virus, which is clearly able to transmit from human to human. Since 2012, MERS has infected 1,400 people and killed over 500. Recently, the largest outbreak outside of Saudi Arabia of this emergent global health concern infected 186 people with 36 fatalities in South Korea.
In preclinical studies, Inovio and its collaborators evaluated its synthetic DNA-based MERS vaccine in mice, camels and monkeys, or non-human primates. In all three species, the vaccine induced robust immune responses capable of preventing the virus from infecting cells. The data from camels is an important finding because camels represent not only a host reservoir of the disease but act as a mode of transmission to humans. In monkeys, all vaccinated animals in the study were protected from symptoms of MERS disease when challenged with a live MERS virus. Inovio has stated on the preventive power of its synthetic DNA-based vaccines in a variety of infectious diseases counting HIV, influenza, hepatitis B, Ebola and dengue.
Inovio Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, develops active DNA immunotherapies and vaccines in combination with proprietary electroporation delivery devices to prevent and treat cancers and infectious diseases. The company’s SynCon immunotherapy design has the ability to break the immune system’s tolerance of cancerous cells; and SynCon product design is also intended to facilitate cross-strain protection against known, in addition to new unmatched strains of pathogens, such as influenza.
Axiall Corp (NYSE:AXLL)’s shares dropped -2.69% to $24.58.
Axiall Corp (AXLL) and Lotte Chemical Corporation (011170.KS) of the Republic of Korea recently declared that the companies have finalized their joint-venture arrangements to construct an ethane cracker. The final investment decision remains subject to approval by both companies’ boards of directors. The companies have formed LACC LLC to design, build and operate an ethane cracker in Louisiana that would produce about one million metric tons of ethylene annually once it commenced operation.
Since announcing their intent to partner on the project in February 2014, Axiall and Lotte have also accomplished a joint FEED study for the plant. The two are now evaluating final project details, counting site selection, which is anticipated in Lake Charles, La. A final investment decision is anticipated in the second half of 2015. If approved, the plant’s anticipated start-up would be the end of 2018.
If approved by Lotte’s Board of Directors, Lotte Chemical also plans to build a monoethylene glycol (MEG) plant adjacent to the projected cracker. Axiall would not have any investment in or ownership of that MEG plant. Lotte Chemical presently operates three crackers in Asia that produce more than 2.8 million metric tons of ethylene capacity annually.
Axiall Corporation manufactures and markets chemicals and building products in the United States and internationally. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics. The Chlorovinyls segment produces chlor-alkali and derivative products, counting chlorine, caustic soda, vinyl chloride monomer, and vinyl resins; other chlor-alkali and derivative products comprising chlorinated ethylene, calcium hypochlorite, hydrochloric acid, and phosgene derivatives; and compound products, such as vinyl compounds, and compound additives and plasticizers.
At the end of Tuesday ‘s trade, OFG Bancorp (NYSE:OFG)‘s shares dipped -14.35% to $7.40.
OFG Bancorp (OFG) announced that its Board of Directors declared the following regular quarterly cash dividends on its preferred stock for the third quarter ending September 30, 2015:
- $21.875 per share on its 8.750% Non-Cumulative Convertible Perpetual Preferred Stock, Series C (CUSIP:67103X706)
- $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP:67103X409)
Preferred stock dividends are payable on October 15, 2015, to holders of record on October 1, 2015, with an ex-dividend date of September 29, 2015.
OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Administration, and Treasury. The Banking segment offers checking and savings accounts; mortgage, commercial, and consumer lending products; financial planning, insurance, financial service, and investment brokerage; and corporate and individual trust and retirement services.
Realogy Holdings Corp (NYSE:RLGY), ended its Tuesday ‘s trading session with -1.61% loss, and closed at $39.65.
Cartus is part of Realogy Holdings Corp. (RLGY), Human resources executives of global companies are most concerned about rising housing costs and increasing requests from transferring employees who want additional spouse career assistance, according to a survey from Cartus Corporation, a leading provider of global relocation services.
The survey of more than 150 human resources and relocation professionals was taken at the recent Worldwide ERC meeting held in Las Vegas.
When asked, “In what areas have you seen relocation costs rise dramatically in the past year?” relocation managers ranked the following as their top five areas of concern:
- Housing
- Temporary Living
- Household goods shipments
- Compliance
- Schooling
Realogy Holdings Corp. provides real estate and relocation services worldwide. The company’s Real Estate Franchise Services segment franchise its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses. As of December 31, 2014, this segment’s real estate franchise systems had about 13,500 offices; and about 251,300 independent sales associates worldwide.
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