On Monday, XOMA Corp (NASDAQ:XOMA)’s shares declined -0.57% to $3.50.
XOMA Corp (XOMA) declared that the gevokizumab Phase 3 EYEGUARD-B study, sponsored by its development partner Servier, reached its target exacerbation event as specified in the study design. The objective of the first part of this study is to demonstrate the superiority of gevokizumab, as contrast to placebo, on top of the current standard of care (immunosuppressant therapy and oral corticosteroids) in reducing the risk of Behcet’s disease uveitis exacerbations and to assess the safety of gevokizumab.
Servier now will start the process of closing the clinical database and analyzing the data from this part of the study. Servier has offered a detailed plan of the activities it will undertake to allow the locking of the database. The primary endpoint result is predictable in about seven weeks. The trial is ongoing and remains double-masked for the extension period of the study.
XOMA Corporation discovers and develops antibody-based therapeutics in the United States, Europe, and the Asia Pacific. The company’s lead product candidate comprises gevokizumab, a proprietary humanized allosteric-modulating monoclonal antibody that binds to the inflammatory cytokine interleukin-1 beta, which is in Phase III clinical trial for NIU and Behçets disease uveitis, pyoderma gangrenosum, active non-infectious anterior scleritis, autoimmune inner ear disease, and cardiovascular diseases, in addition to diseases under the neutrophilic dermatoses designation, Schnitzler syndrome, and other diseases; and various proof-of-concept studies comprising polymyositis/dermatomyositis, Schnitzler syndrome, and giant cell arteritis.
FirstEnergy Corp. (NYSE:FE)’s shares dropped -0.22% to $35.60.
FirstEnergy Corp. (FE) declared it has accomplished multiple transmission projects that will further enhance electric service for customers throughout northern Ohio. The new facilities are designed to ensure system reliability following the retirement of coal-fired power plants in the region in response to the U.S. EPA Mercury and Air Toxics Standards (MATS) and other environmental rules.
To date, FirstEnergy has spent nearly $800 million on transmission projects to support plant retirements along Lake Erie. In total, the company anticipates to spend about $1.2 billion through 2019 on projects related to plant retirements across its entire 24,000 mile transmission system. The accomplished projects represent a noteworthymilestone in FirstEnergy’s Energizing the Future initiative, and comprise new 138- and 345-kilovolt (kV) transmission lines, new substations, in addition to other equipment that will maintain comprising voltage levels on the grid.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities.
At the end of Monday’s trade, Steel Dynamics, Inc. (NASDAQ:STLD)‘s shares surged 0.64% to $21.95.
Steel Dynamics, Inc. (STLD) declared plans to idle its Minnesota ironmaking operations located in Chisholm and Hoyt Lakes, MN, effective right away. These operations are comprised of a jointly-owned iron concentrate production facility (Mining Resources) and a jointly-owned iron nugget production facility (Mesabi Nugget). Administration and the company’s board of directors have elected to idle the operations for an initial twenty-four month period given the continued noteworthy decline in pig iron pricing, which has resulted in the cost of iron nugget production being meaningfully higher than product selling values.
In total, about 200 positions will be reduced in Minnesota. However, the company is taking numerous steps to provide opportunities for employment at other Steel Dynamics locations and auxiliaries where accessible. A small group of individuals will be retained in Minnesota to maintain the site and facilities.
Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO), ended its Monday’s trading session with -0.33% loss, and closed at $27.28.
2K is a publishing label of Take-Two Interactive Software, Inc. (TTWO). 2K and Firaxis Games recently declared that XCOM® 2, the sequel to the Game of the Year* award-winning strategy title XCOM®: Enemy Unknown, is presently in development for Windows-based PC. Developed by Firaxis Games, XCOM 2 transports players 20 years into the future, where humanity lost the war against the alien threat that has established a new world order. The secret paramilitary organization known as XCOM is largely forgotten, and must strike back to reclaim control of Earth and free mankind from the aliens’ rule. XCOM 2 is presently planned for release in November 2015. The game will also be coming to Mac and Linux via Feral Interactive.
In XCOM 2, the roles have been reversed, and XCOM is now the invading force. They are hampered by limited resources and must constantly evade the alien threat in their new mobile headquarters. Players must use a combination of firepower and stealth-like tactics to assist XCOM recruit soldiers and build a resistance network, while attempting to expose the evil alien agenda and save humanity. XCOM 2 will introduce gameplay features such as procedurally-generated levels, which will make each experience unique to the player, in addition to offer a much deeper level of modding support. Additionally, XCOM 2 will offer a variety of new content counting five updated soldier classes, raised soldier customization, more alien and enemy types, evolved tactical combat and more.
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and currency; and releasing titles for smartphones and tablets.
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