On Friday, AEterna Zentaris Inc. (USA) (NASDAQ:AEZS)’s shares declined -6.79% to $0.0810.
Aeterna Zentaris Inc. (AEZS) declared that it has granted to German life sciences entrepreneurs with a proven track-record of funding the development and commercialization of biotechnology (collectively, the “Optionee”), an option to license the Company’s live recombinant oral allogenic tumor vaccine technology (the “Technology”), counting AEZS-120, the most advanced product candidate for prostate cancer which is ready to enter a Phase 1 clinical trial. This option is granted to the Optionee worldwide, for a period of twelve months, in exchange for an upfront fee.
Following the option agreement, the Optionee has the right to obtain a worldwide exclusive license to develop, use and sell products regarding the Technology and AEZS-120, in exchange for milestone payments and royalties on net sales of any product developed from the Technology and an equity interest in the company formed to develop the Technology. At the present time, Aeterna Zentaris holds worldwide rights to the Technology, counting AEZS-120.
Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing novel treatments in oncology, endocrinology, and women’s health. The company’s product pipeline comprises MACRILEN, which accomplished the Phase 2 trial for use in the diagnosis of adult growth hormone deficiency; and zoptarelin doxorubicin, which is in Phase 3 clinical study zoptarelin doxorubicin in endometrial cancer (ZoptEC) of the compound in women with advanced, recurrent, or metastatic endometrial cancer.
Microsoft Corporation (NASDAQ:MSFT)’s shares dropped -2.05% to $42.61.
Microsoft Corp. declared the winner of the 10th global nonprofit organization partner for the Upgrade Your World initiative, the Beagle Freedom Project. Microsoft also declared that people can vote via social media for a chance for their favorite local nonprofit in 10 different countries to receive a donation.
Microsoft celebrated the launch of Windows 10 on July 29, 2015 , by committing to Upgrade Your World, a yearlong initiative that celebrates people and organizations doing great things, counting a series of partnerships with 10 global and 100 local nonprofit organizations. Microsoft’s mission is to empower every person and organization to achieve more. Upgrade Your World is just one example of the many ways Microsoft contributes to local communities worldwide, as Microsoft and its employees donate more than $1 billion each year to more than 100,000 nonprofit organizations around the world.
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Its Computing and Gaming Hardware segment provides Xbox gaming and entertainment consoles and accessories, second-party and third-party video games, and Xbox Live subscriptions; surface devices and accessories; and Microsoft PC accessories.
At the end of Friday’s trade, General Electric Company (NYSE:GE)‘s shares dipped -2.08% to $23.99.
GE Capital’s Healthcare Financial Services (HFS) business declared recently that it served as administrative agent on a $55 million senior credit facility to recapitalize the Community Intervention Services, Inc. (CIS) balance sheet, support CIS’s acquisition of Futures Behavior Therapy Center, LLC and provide additional capacity for targeted acquisitions. GE Capital Markets served as sole lead arranger and bookrunner on the transaction.
CIS, based in Austin, TX, is a leading provider of behavioral health services that cares for more than 50,000 patients annually. CIS was established by private equity firm H.I.G. Growth Partners, in partnership with behavioral healthcare executive Kevin Sheehan, to acquire, develop and operate a national network of specialized behavioral health treatment facilities and programs.
Headquartered in Beverly, MA, Futures Behavior Therapy Center is a clinic-based provider of treatment and education services for children with autism spectrum disorders and other developmental disabilities.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.
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