On Friday, in the course of current trade, Shares of AbbVie Inc. (NYSE:ABBV), dropped -0.34%, and is now trading at $67.24.
Pharmacyclics, declared the initiation of PCYC-1136-CA, a multi-center study that will investigate the use of ibrutinib (IMBRUVICA®) in combination with MEDI4736, an investigational anti-PD-L1 immune checkpoint inhibitor being developed by AstraZeneca. The Phase Ib/II study will examine the safety, tolerability and effectiveness of this investigational combination in patients with relapsed or refractory (R/R) diffuse large B-cell lymphoma (DLBCL) or follicular lymphoma (FL). IMBRUVICA is jointly developed and commercialized by Pharmacyclics and Janssen Biotech, Inc.
The Phase Ib portion of the study will primarily seek to determine the safety, tolerability, and appropriate dose of ibrutinib when combined with MEDI4736 to treat individuals with R/R DLBCL or FL. The Phase II portion of the study will be conducted in two distinct cohorts to determine the safety and effectiveness of the treatment combination in patients with these types of blood cancer.
Pharmacyclics, a wholly-owned partner of AbbVie (ABBV), is focused on developing and commercializing innovative small-molecule drugs for the treatment of cancer and immune-mediated diseases. Pharmacyclics’ mission is to develop and commercialize novel therapies intended to improve quality of life, enhance duration of life and resolve serious unmet medical needs.
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company’s products comprise HUMIRA, a biologic therapy administered as a subcutaneous injection to treat autoimmune diseases; VIEKIRA PAK, an all-oral, short-course, interferon-free therapy, with or without ribavirin, for adult patients with genotype 1 chronic hepatitis, counting those with compensated cirrhosis.
In an opening trade, Shares of Teck Resources Limited (NYSE:TCK), dipped -1.73%, and is now trading at $11.91.
Teck Resources Limited, declared it will be implementing temporary shutdowns in the third quarter at its six Canadian steelmaking coal operations in order to align production and inventories with changing coal market conditions.
Each of Teck’s steelmaking coal operations will be temporarily shut down for about three weeks in the quarter. Shutdowns will be staggered over the summer months among the operations. Teck will continue to meet all contracted and committed coal sales for its entire suite of products.
Third quarter production will be reduced by about 1.5 million tonnes (Mt) to 5.7 Mt, a reduction of 22% for the quarter, with predictable sales in the range of 6.0 - 6.5 Mt. Annual coal production is now estimated at 25 - 26 Mt. Additional coal production adjustments will be considered over the course of 2015 as market conditions continue to evolve.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
Finally, U.S. Bancorp (NYSE:USB), lost -1.19% Friday.
U.S. Bank has worked with Google to make U.S. Bank cardmembers among the first to have access to Android Pay for credit and debit card transactions when the service launches later this year. This is the latest in a series of innovations from U.S. Bank to make payments simple, more convenient and secure.
With Android Pay, customers can use their Android phones to make purchases in stores and in apps. It offers a fast, simple and secure way to use a card to buy things in-app or in-store—all without pulling out a physical wallet. It’s a secure, mobile purchasing system that works with Android devices running KitKat (4.4) or higher.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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