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Thursday 21 January 2016
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Eye-Catching Stocks: Statoil ASA(ADR) (NYSE:STO), Amgen, Inc. (NASDAQ:AMGN), Canadian Solar Inc. (NASDAQ:CSIQ)

On Tuesday, Shares of Statoil ASA(ADR) (NYSE:STO), lost -0.07% to $13.63.

The shares of a primary insider’s spouse was missing in the reporting of share trading on behalf of Statoil ASA (OSE:STL, NYSE:STO) on 15 December 2015.

This is a correction of the declaration of 15.12.2015 09:15 CEST. The correction regards a missing number in the share trading reporting of a primary insider’s spouse.

Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.

Shares of Amgen, Inc. (NASDAQ:AMGN), inclined 1.90% to $162.30, during its last trading session.

Amgen, declared that the European Commission has approved the use of IMLYGIC™ (talimogene laherparepvec) for the treatment of adults with unresectable melanoma that is regionally or distantly metastatic (Stage IIIB, IIIC and IVM1a), with no bone, brain, lung or other visceral disease. IMLYGIC is the first oncolytic immunotherapy to demonstrate therapeutic benefit for patients with metastatic melanoma in a Phase 3 clinical trial.

IMLYGIC is derived from the herpes simplex type 1 virus (HSV-1) , commonly called the cold sore virus. IMLYGIC has been modified to replicate within tumors and to produce the immune stimulatory protein human granulocyte-macrophage colony-stimulating factor (GM-CSF). Administered via intralesional injection, IMLYGIC is designed to cause the death of tumor cells and initiate an anti-tumor immune response.

“As the first oncolytic immunotherapy authorized in the European Union, the approval of IMLYGIC is an important milestone for this new class of drugs, bringing patients with a rare and deadly form of skin cancer a much needed new treatment option,” said Sean E. Harper, M.D., executive vice president of Research and Development at Amgen. “By igniting the body’s own immune system IMLYGIC can initiate an anti-tumor immune response, providing meaningful and durable response rates in the early stage metastatic melanoma patient.”

Amgen Inc., a biotechnology company, discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses for the treatment of illness in the areas of oncology, hematology, inflammation, bone health, nephrology, cardiovascular, and general medicine.

Finally, Canadian Solar Inc. (NASDAQ:CSIQ), ended its last trade with - 2.04% loss, and closed at $27.92.

Canadian Solar Inc., declared that its wholly owned partner, Canadian Solar Solutions Inc., accomplished the sale of its 10 MW AC EarthLight LP (“Earthlight”) to One West Holdings Ltd., an associate of Concord Green Energy Inc. (“Concord”). The plant, valued at over CAD$69.4 Million (USD$49.7 Million), is located in Georgina, Ontario and comprises of about 45,648 Canadian Solar MaxPower CS6X-300/310P PV modules. BowMont Capital and Advisory acted as financial advisor to Concord on this transaction.

This solar power plant will generate noteworthy environmental benefits. The amount of clean solar energy that the Earthlight plant will generate is estimated at 17,892 MWh per year and 344,697 MWh over 20 years. The amount of carbon dioxide that will be displaced during the system’s 20 year lifetime is about 237,686 metric tons, equivalent to taking about 50,000 cars off the road for one year.

Cliff McCracken, Senior Vice-President at Concord, remarked, “This is the fifth plant we have purchased from Canadian Solar in the past year and a half for a total installed capacity of 49 MW. We look forward to this to further complement our portfolio of green energy producing projects across Canada.‎”

Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. Its products comprise various solar modules that are used in residential, commercial, and industrial solar power generation systems.

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