During Tuesday’s Afternoon trade, Shares of Nektar Therapeutics (NASDAQ:NKTR), lost -2.45% to $11.16.
Nektar Therapeutics (NKTR) stated its financial results for the second quarter ended June 30, 2015.
Cash and investments in marketable securities at June 30, 2015 were $279.7 million as contrast to $325.8 million at March 31, 2015.
Year-to-date revenue for 2015 was $131.5 million as contrast to $48.3 million in the first half of 2014. The enhance in revenue in the first half of 2015 as contrast to the same period in 2014 is due to the recognition of $90.0 million of the $100.0 million milestone payment from AstraZeneca following the first commercial sale of MOVANTIK in the U.S. Revenue in the second quarter of 2015 was $22.7 million as contrast to $28.5 million in the second quarter of 2014. Revenue comprised of non-cash royalty revenue, related to our 2012 royalty monetization, of $4.7 million and $8.7 million in the second quarter and first half of 2015, respectively, and $4.8 million and $10.6 million in the second quarter and first half of 2014, respectively. This non-cash royalty revenue is offset by non-cash interest expense.
Total operating costs and expenses in the first half of 2015 were $131.9 million as contrast to $107.6 million in the first half of 2014. Total operating costs and expenses in the second quarter of 2015 were $66.1 million as contrast to $51.4 million in the second quarter of 2014. Total operating costs and expenses raised primarily as a result of raised research and development (R&D) expense.
Nektar Therapeutics, a biopharmaceutical company, develops drug candidates that utilize its PEGylation and polymer conjugate technology platforms in the United States. Its product pipeline comprises drug candidates in therapeutic areas comprising oncology, pain, anti-infectives, and immunology.
Shares of GasLog Ltd (NYSE:GLOG), declined -0.82% to $14.50, during its Afternoon trading session.
GasLog Ltd. (GLOG) declared the completion of the LNGreen joint industry project. The LNGreen joint industry project brought together experts from GasLog, DNV GL, GTT and Hyundai Heavy Industries (“HHI”) to develop a state-of-the-art, next-generation, LNG carrier. Each of the project partners contributed their unique know-how and experience to develop the LNG carrier of tomorrow using the latest technology within the bounds of existing shipbuilding methods. The vessel concept has a significantly improved environmental footprint, a higher level of energy efficiency, an improved boil-off rate, and improved cargo capacity. Applying 2-stroke propulsion technology makes the vessels very well suited to future LNG trading patterns.
The LNGreen project focused on improving the efficiency and performance of the modern LNG carrier by analyzing actual operational performance data, focusing on further optimization through reassessment of vessel hydrodynamics, machinery and systems configuration. These improvements will lead to greater efficiency and cargo capacity without any compromise to the safety or quality of the vessels.
GasLog Ltd., together with its auxiliaries, owns, operates, and manages vessels in the liquefied natural gas (LNG) market worldwide. It provides maritime services for the transportation of LNG; and LNG vessel administration services. As of February 27, 2015, the company operated 20 LNG carriers. It also had 6 LNG carriers operating under its technical administration for third parties.
Qunar Cayman Islands Ltd (NASDAQ:QUNR), during its Tuesday’s Afternoon trading session decreased -3.21% to $38.54.
Qunar Cayman Islands Limited (QUNR) declared that it has received the final judgment (the “Final Judgment”) from the Beijing High People’s Court (the “Court”) with respect to the contract dispute regarding an Inventory Distribution Agreement for hotels with eLong, Inc., which was formerly described in the Company’s annual report on Form 20-F for the fiscal year of 2014. The Company does not believe that the Final Judgment will have any material impact on its future business, results of operations or financial condition.
In the Final Judgment, the Court upheld the preceding judgment of the Beijing No. 1 Intermediate People’s Court from January 1, 2015 that (i) our partner, Beijing Qunar Software Technology Co., Ltd. (“Beijing Qunar”) shall credit to the advertisement account opened at Beijing Qunar by eLongNet Information Technology (Beijing) Co., Ltd. (“eLongNet”), a partner of eLong, Inc., the amount of RMB52,335,369 (about US$8.5 million) corresponding to the period up to September 30, 2014; and RMB36,450,000 (about US$6.0 million) for the period from October 1, 2014 through June 30, 2015; (ii) eLongNet shall pay Beijing Qunar a commission of RMB8,127,400 (about US$1.3 million) due under the Inventory Distribution Agreement; and (iii) the Inventory Distribution Agreement shall continue to be performed by both parties. The Court also ordered Beijing Qunar to pay eLongNet RMB227,599 (US$37 thousand) in legal fees, and apportioned court fees between the parties.
Qunar Cayman Islands Limited operates an online travel commerce platform in the Peoples Republic of China. The company through its platform provides a range of travel products comprising flight tickets, hotels, vacation packages, and attraction tickets, in addition to display advertising, train tickets, car services, smart lodging, and other services. Its customers comprise flight travel service providers, airlines, independent hotels, online travel agencies, insurance service providers, and others.
Finally, Service Corporation International (NYSE:SCI), decreased -0.41%, to $31.82.
Service Corporation International (SCI), the largest provider of deathcare products and services in North America, declared that its Board of Directors has raised the authorized level of repurchases of its common stock by about $385 million. When combined with about $15 million of authority remaining under the existing program, this represents a total of $400 million of current share repurchase authority effective recently.
The Company also declared that its Board of Directors has approved a quarterly cash dividend of twelve cents per share of common stock. The quarterly cash dividend declared recently represents a 20% enhance from the formerly declared dividend of ten cents per share of common stock per quarter. The quarterly cash dividend declared recently is payable on September 30, 2015 to shareholders of record at the close of business on September 15, 2015. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board of Directors each quarter after its review of the Company’s financial performance.
Service Corporation International, together with its auxiliaries, provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses.
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