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Monday 21 September 2015
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Friday’s Trade News Buzz on: Penn Virginia Corporation (NYSE:PVA), Allergan PLC (NYSE:AGN), Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), Century Aluminum Co (NASDAQ:CENX)

On Friday, Penn Virginia Corporation (NYSE:PVA)’s shares declined -5.67% to $0.679.

The Board of Directors of Apache Corporation (APA) has declared regular cash dividends on the company’s common shares.

The dividend on common shares of 25 cents per share is payable on Nov. 23, 2015, to stockholders of record on Oct. 22, 2015.

Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada.

Allergan PLC(NYSE:AGN)’s shares dropped -1.84% to $295.51.

Allergan plc (AGN) and Gedeon Richter Plc. declared that the U.S. Food and Drug Administration (FDA) has approved VRAYLAR™ (cariprazine) capsules, an atypical antipsychotic, for the acute treatment of manic or mixed episodes associated with bipolar I disorder and for treatment of schizophrenia in adults.

Bipolar I disorder and schizophrenia are chronic and disabling mental health disorders. Bipolar I disorder, also known as manic-depressive illness, is a disorder of the brain that is characterized by fluctuations in mood, energy, activity levels, and the ability to carry out day-to-day tasks. Schizophrenia is characterized by delusions, hallucinations, disorganized speech and behavior, and other symptoms that cause social or occupational dysfunction.

The FDA approval of VRAYLAR is based on the results of three 3-week controlled trials in adults with manic or mixed episodes of bipolar I disorder and three 6-week placebo-controlled trials in adults with schizophrenia. In these clinical trials involving more than 2,700 adults, VRAYLAR demonstrated improvement contrast to placebo as measured by Young Mania Rating Scale (YMRS) total scores in patients with bipolar mania and by Positive and Negative Syndrome Scale (PANSS) total scores in patients with schizophrenia. VRAYLAR also demonstrated efficacy as measured by the Clinical Global Impressions-Severity (CGI-S) rating scale, the secondary efficacy endpoints for both conditions.

Allergan plc develops, manufactures, and distributes generic, branded, biosimilar, and over-the-counter (OTC) pharmaceutical products. It operates in three segments: North American Brands, North American Generics and International, and Anda Distribution.

At the end of Friday’s trade, Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN)‘s shares surged 1.28% to $8.69.

Achillion Pharmaceuticals, Inc. (ACHN) declared additional interim results from a Phase 2 study evaluating odalasvir (also known as ACH-3102), a NS5A inhibitor, in combination with sofosbuvir, without ribavirin, for either six or eight weeks of treatment in patients with treatment-naïve genotype 1 chronic hepatitis C virus (HCV) infection. Of the patients treated for six weeks in this cross-over cohort, 100 percent (n=6/6) remained HCV RNA undetectable twelve weeks after concluding therapy (SVR12). Formerly, Achillion stated results from this study counting 100 percent SVR24 for the initial cohorts counting 12 patients treated for eight weeks and 100 percent SVR24 for 12 patients treated for six weeks.

In May 2015, Achillion declared it had granted Janssen Pharmaceuticals, Inc. (Janssen), one of the Janssen Pharmaceutical Companies of Johnson & Johnson, an exclusive, worldwide license to develop and, upon regulatory approval, commercialize HCV products and regimens containing one or more of Achillion’s HCV assets which comprise odalasvir, ACH-3422, and sovaprevir.

Achillion Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes anti-infective drug therapies in the United States and internationally. It focuses on developing combination therapies for the treatment of chronic hepatitis C (HCV) infection and drug-resistant bacterial infections.

Century Aluminum Co (NASDAQ:CENX), ended its Friday’s trading session with -3.10% loss, and closed at $5.63.

Century Aluminum of Kentucky, a wholly-owned partner of Century Aluminum Company (NASDAQ: CENX), recently issued a notice to employees at its Hawesville, Kentucky aluminum smelter of its intent to curtail its plant operations starting on October 24, 2015 unless the current pricing environment substantially changes. The declarement was made following the federal Working Adjustment and Retraining Notification Act (WARN).

Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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