On Tuesday, in the course of current trade, Shares of Orexigen Therapeutics, Inc. (NASDAQ:OREX), climbed 5.25%, and is now trading at $4.66.
Orexigen Therapeutics - Two Contrave (naltrexone HCI and bupropion HCI) abstracts were presented at the annual meeting of the American Diabetes Association held in Boston June 5 – 9, 2015 at the Boston Convention and Exposition Center.
The abstracts were the first presentations of data from the randomized, open-label Ignite Study, which was designed to provide additional information regarding Contrave in combination with a behavioral modification program, contrast to patients who received diet and exercise advice but who did not receive Contrave. Consistent with current labeling for approved anti-obesity medications, the 242 patients randomized into the study were required to achieve a certain amount of weight loss (at least 5% at week 16) and to not have a meaningful enhance in blood pressure to remain on medication. The primary endpoint for this trial was change in body weight after 26 weeks in the per-protocol population. Secondary endpoints comprised of the percentage of patients achieving at least 5% and 10% weight loss, waist circumference, lipids, and measures of glucose homeostasis, in addition to a number of other key measures.
Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical products in the United States. The company offers Contrave for the treatment of obesity.
During an Afternoon trade, Shares of SLM Corp (NASDAQ:SLM), climbed 0.59%, and is now trading at $10.29.
Sallie Mae, declared a $10,000 grant to the Delaware Adolescent Program, Inc. (DAPI) to support the nonprofit’s summer 2015 Pathway to College and Career Program. DAPI assists teen parents graduate from high school and motivates them to pursue college educations. The grant was made by The Sallie Mae Fund, Sallie Mae’s charitable foundation.
During the four-week Pathways to College Program, which starts recently and runs through July 9, about 20 eighth through 12th graders from throughout Delaware will be able to earn credit for coursework they were unable to complete during the regular academic year. This is the program’s second year; Sallie Mae also supported the program’s launch in 2014.
Participating students can earn course credits through a combination of online and in-person classes taught by state-certified teachers. Classes are offered in English, math, science, and history, and all lessons complement the student’s home school course work.
The Sallie Mae Fund supports employee volunteerism and community service in communities where Sallie Mae employees live and work. Since 2001, The Fund has contributed more than $125 million in community support and programs that facilitate access to higher education.
SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States. The company offers private education loans to students and their families.
Shares of Raytheon Company (NYSE:RTN), during its Tuesday’s current trading session fell -0.57%, and is now trading at $ 99.70.
Raytheon Company and Bombardier have teamed with Lockheed Martin to deliver a low-risk, affordable solution for the United States Air Force’s JSTARS Recapitalization program.
Embracing the United States government’s desire for strong industry partnerships, the Lockheed Martin-led team will provide the Air Force capabilities superior to the current JSTARS. The team will also deliver a true open system architecture to allow the government to own the technical baseline for future upgrades and reduce life cycle cost.
Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide.
Finally, Trimble Navigation Limited (NASDAQ:TRMB), gained 1.20% Tuesday, hitting its highest level.
Trimble Navigation Limited, declared that its TL-Pro Design and Optimization software has been implemented by MN Electro Industrial Supply & Services Inc. (MNEISSI), an electrical contractor for the construction of distribution and transmission lines in addition to power sub-stations throughout the Philippines. The software enables utility planners to visualize multiple design scenarios to improve efficiency and easily manage change throughout the lifecycle of electric transmission and distribution lines.
Trimble TL-Pro is a comprehensive 3D software solution for overhead line design, optimization and maintenance of electric transmission and distribution applications. Modular and scalable, the software enables users to incorporate detailed elevation files, LiDAR, aerial imagery and other user-defined features into a 3D terrain model. Users can then very quickly model the overhead line from extensive libraries of standard structures and then automatically optimize the entire design to expedite construction planning, minimize cost and support compliance.
Trimble Navigation Limited provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; BIM software for design, construction, and maintenance; integrated site layout and measurement systems; application products; integrated workplace administration services software; capital program and facility administration solutions; and field based data collection systems and software, communications systems, and back-office software.
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