On Wednesday, in the course of current trade, Shares of Pfizer Inc. (NYSE:PFE), gained 0.73%, and is now trading at $34.36.
ViiV Healthcare is a global specialist HIV company established in November 2009 by GlaxoSmithKline (GSK.L) and Pfizer (PFE) dedicated to delivering advances in treatment and care for people living with HIV.
ViiV Healthcare, Aurobindo Pharma, and the Clinton Health Access Initiative, Inc. (CHAI) declared that Aurobindo Pharma has presented an Abbreviated New Drug Application (ANDA) for dolutegravir 50mg, for Tentative Approval, to the Food and Drug Administration (FDA), for the treatment of HIV. This is the first ANDA for a generic version of dolutegravir, less than two years after FDA approval of Tivicay® (dolutegravir) for sale in the United States.
Upon receiving Tentative Approval from the FDA, Aurobindo Pharma will be able to supply dolutegravir 50mg via the President’s Emergency Plan for AIDS Relief (PEPFAR) programme, following completion of required local regulatory approval process, in the licensed countries outside of the United States, as per the agreement signed between Aurobindo Pharma and ViiV Healthcare in 2014.
This submission comes less than five years after ViiV Healthcare and CHAI signed a contract to collaborate with the aim of bringing innovative formulations of medicines for the treatment and prevention of HIV/AIDS to people living with HIV in developing countries, on an affordable yet sustainable basis.
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Crude oil futures reversed early gains to fall below $63 a barrel on Wednesday as the dollar’s recovery from early losses outweighed expectations of a draw on U.S. oil stocks.
July Brent crude fell 83 cents to $62.89 a barrel by 1347 GMT, down from an intraday high of $64.67, while U.S. crude was down 21 cents at $57.82 after touching $58.95 earlier in the session.
Oil prices had fallen nearly 3 percent the previous day, pressured by a strong rally in the dollar.
During an Afternoon trade, Shares of SandRidge Energy, Inc. (NYSE:SD), dipped -0.42%, and is now trading at $1.20.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
Finally, Ctrip.com International Ltd. (NASDAQ:CTRP), lost -0.15% Wednesday.
Ctrip.com International, declared that The Priceline Group Inc. (PCLN) will invest an additional $250 million in Ctrip. The investment will be made via a convertible bond and Ctrip has granted permission to The Priceline Group to enhance its ownership in Ctrip through the acquisition of Ctrip’s American depositary shares in the open market so that, when combined with the shares issuable upon conversion of the new bond and the $500 million convertible bond issued to The Priceline Group in August 2014, The Priceline Group may hold up to 15% of Ctrip’s outstanding shares.
This investment follows a commercial relationship established between the two companies in 2012, which was expanded in August 2014 together with the $500 million investment by The Priceline Group. Right away following issuance of the new $250 million bond and assuming conversion of the two bonds, The Priceline Group will own securities representing about 10.5% of Ctrip’s outstanding shares.
The two companies will continue their existing commercial partnership, whereby accommodations inventory is cross-promoted between the brands.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China. It also offers independent leisure travelers bundled packaged-tour products, counting group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving.
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