On Thursday, in the course of Afternoon trade, Shares of Pernix Therapeutics Holdings Inc (NASDAQ:PTX), dropped -3.97%, and is now trading at $4.60.
Pernix Therapeutics Holdings, declared positive results from Category 1 (in vitro) abuse deterrence studies with ZX007, utilizing Altus Formulation’s proprietary INTELLITABTM abuse deterrent technology platform. ZX007 is an abuse-deterrent, extended-release oral hydrocodone bitartrate formulation product in development for the administration of pain severe enough to require daily, around-the-clock opioid treatment and for which alternative treatments are inadequate. The purpose of the studies was to perform a comprehensive battery of laboratory tests to assess the physical and chemical properties of ZX007. These studies were conducted in accordance with the April 2015 Food and Drug Administration (FDA) Guidance for Industry: Abuse-Deterrent Opioids — Evaluation and Labeling.
Top-line results from the study demonstrated ZX007’s ability to:
- Resist common methods of physical manipulation counting crushing between spoons, crushing in a tablet hardness tester, and crushing in pill crushers;
- Resist alcohol induced dose dumping and prevent drug extraction in a range of common solvents;
- Not yield extracts that could be expelled through syringe needles; and
- Maintain controlled release after crushing and grinding of the tablets under a number of test conditions.
Pernix Therapeutics Holdings, Inc., a specialty pharmaceutical company, develops, manufactures, markets, and sells branded and generic pharmaceutical products. The company’s product comprise CEDAX, an oral cephalosporin used for the treatment of mild to moderate acute bacterial exacerbations of chronic bronchitis, middle ear infection due to haemophilus influenza, or streptococcus pyogene; Zutripro, Rezira, and Vituz for the relief of cough and nasal congestion; and OMECLAMOX-PAK a gastroenterology product.
During an Afternoon trade, Shares of Brandywine Realty Trust (NYSE:BDN), dipped -0.36%, and is now trading at $13.80.
Akridge and Brandywine Realty Trust, declared a contract to develop the land located on the corner of Half Street and M Street, SE. The property, 25 M Street, is directly across from the Navy Yard Metro Station and one block from Nationals Park in the burgeoning Capitol Riverfront neighborhood of Washington, DC. Akridge and Brandywine will develop a 275,000 square foot building featuring both office and retail space, creating a new front door to Nationals Park.
“We are delighted to partner with Akridge on this exciting project in the Capitol Riverfront submarket,” said Mike Cooper, Brandywine Realty Trust’s Executive Vice President and Senior Managing Director – Metro DC Region. “Akridge’s vast development experience and local expertise within the District of Columbia will be crucial as we embark on the development process and start to market this site. We believe the Capitol Riverfront neighborhood is well-positioned for future growth and we are excited to be able to expand Brandywine’s presence in the DC area. The acquisition and future development of 25 M Street is in line with Brandywine’s strategy of investing in high-quality developments in urban, transit oriented, amenity-rich, infill locations in its core markets.”
HOK, a world renowned architectural firm, will design 25 M Street to create a landmark presence at one of the most visible intersections in Washington, DC. The location and building design will offer tenants an incredible visibility, branding, and communications opportunity. Designed to the highest level of sustainability, 25 M will boast a full host of trophy amenities counting a large, modern lobby, a 3,000 square foot fitness facility, and a rooftop terrace with views of Nationals Park. It will also offer 25,000 square feet of street-level retail, dining, and entertainment in a one-of-a-kind location.
Brandywine Realty Trust is a publically owned real estate investment trust. The firm invests in real estate markets of the United States. It makes investments in office, mixed-use, and industrial properties. Brandywine Realty Trust was founded in 1985 and is based in Radnor, Pennsylvania with additional offices in Mount Laurel, New Jersey; Richmond, Virginia; Dallas, Texas; Falls Church, Virginia; Oakland, California; Austin, Texas, and Carlsbad, California.
Shares of F.N.B. Corp (NYSE:FNB), during its Thursday’s current trading session fell -1.28%, and is now trading at $13.07.
F.N.B. Corporation declared that its Board of Directors declared a quarterly cash dividend of 12 cents per share on F.N.B. Corporation’s common stock. The dividend is payable on September 15, 2015, to shareholders of record as of the close of business on September 1, 2015.
F.N.B. Corporation, a financial holding company, provides various financial services to consumers, corporations, governments, and small- to medium-sized businesses primarily in Pennsylvania, eastern Ohio, and northern West Virginia. It operates through four segments: Community Banking, Wealth Administration, Insurance, and Consumer Finance.
Finally, Cameron International Corporation (NYSE:CAM), lost -2.30% Thursday.
OneSubsea, a Cameron and Schlumberger company, was awarded a contract in the second quarter of 2015 to supply subsea processing systems for the Shell Offshore Inc. Stones development in the Gulf of Mexico. This award follows a Technology Qualification Program and will deliver the industry’s first 15,000-psi subsea pump system, to be installed in the Gulf of Mexico at about 9500 ft (2900 m).
The subsea processing systems scope of supply comprises a dual pump station with two 3-megawatt single-phase pumps and two subsea control modules, a topside power and control module, a barrier-fluid hydraulic power unit with associated spares in addition to installation and maintenance tools. Manufacturing and testing will take place at OneSubsea’s processing center of excellence facility in Horsoy, Norway.
Cameron International Corporation provides flow equipment products, systems, and services worldwide. The company’s Subsea segment offers integrated solutions, products, systems, and services to the subsea oil and gas market, counting integrated subsea production systems involving wellheads, subsea trees, manifolds and flowline connectors, and subsea processing systems.
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