On Wednesday, Pfizer Inc. (NYSE:PFE), ended its last trade with 1.49% gain, and closed at $33.28.
The stock closed at a distance of 2.55% from 20-day simple moving average. In the last trading session, the stock’s price moved -0.33% below its 200 day moving average, changing hands as low as $32.35 per share. The stock is presently trading -0.51% below its SMA 50.
Merck KGaA, Darmstadt, Germany, and Pfizer declared that the US Food and Drug Administration (FDA) has granted avelumab*, an investigational fully human anti-PD-L1 IgG1 monoclonal antibody, Fast Track designation for the treatment of metastatic Merkel cell carcinoma (MCC), a rare and aggressive type of skin cancer.1,2 This declarement builds on the recent FDA Orphan Drug designation that was granted for avelumab on September 21, 2015 for the treatment of MCC. The Fast Track designation is designed to facilitate the development, and expedite the review, of drugs to treat serious conditions and address an unmet medical need.
“We are happy that the FDA continues to acknowledge the current high unmet needs for patients with metastatic Merkel cell carcinoma through these recent regulatory designations for avelumab,” said Dr. Luciano Rossetti, Global Head of Research & Development of the biopharmaceutical business of Merck KGaA, Darmstadt, Germany. “We look forward to working closely with the FDA on an expedited review process for avelumab, and we hope to be able to provide a potential new treatment option for patients with this difficult-to-treat cancer in the future.”
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Shares of Verizon Communications Inc. (NYSE:VZ), surged 0.82% to $43.85, during its last trading session. The share price of this stock traded recently in a range of $43.46 to $43.99. The company now has a market value of $179.13 billion.
For this company, beta value at 0.30 represents it is more volatile to the shift in the market. If we take a look on its volatility, 1.59% was seen in a week and for the month it was 1.42%.
Verizon launched its HopeLine phone donation drive in southwest Pennsylvania with participating organizations counting Allegheny County and the City of Pittsburgh. The county-wide drive supports Verizon’s aim of collecting 1 million donated phones by the end of 2015 with proceeds supporting domestic violence awareness and prevention initiatives.
Allegheny County Executive Rich Fitzgerald launched the drive with leaders from participating organizations at the Allegheny County Courthouse in Pittsburgh on Tuesday, Oct. 6. Fitzgerald formally kicked off the drive by donating the inaugural phone to a HopeLine collection box at the courthouse.
“Domestic violence is an issue which impacts people from all walks of life. It recognizes no race, gender, income, religion or other feature,” declared County Executive Fitzgerald. “We believe that it’s time for No More domestic violence in Allegheny County, and throughout the world, and are proud to be part of the HopeLine collection event. Donation boxes will be available in county offices throughout the month of October, allowing us to make a difference while also ongoing to raise awareness of the issue and support initiatives to end domestic violence.”
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Shares of Comcast Corporation (NASDAQ:CMCSA), gained 1.23% to $59.69. The stock attained the volume of 8.24 million shares.
The year-to-date (YTD) performance reflected a 4.65% above last year. During the past month the stock gains 4.98%, bringing three-month performance to -3.31% and six-month performance to 1.03%. The stock holds the market capitalization of 149.76B.
Comcast declared that Janet Uthman has been named Vice President of Inclusion and Multicultural Marketing for the company’s Northeast Division. In this new role, Uthman will be responsible for the planning and execution of diversity and inclusion efforts and multicultural marketing strategy across the Division’s footprint, which comprises of about 22,000 employees and 7.5 million customers across 14 northeastern states from Maine to Virginia and Washington, D.C.
Reporting to both the Human Resources and Marketing departments at Comcast, Uthman will lead efforts toward Comcast’s aim to become a best-in-class model for diversity and inclusion within the industry and will serve as a resource to develop and recommend strategies to attract and retain a diverse workforce. In addition, she will spearhead marketing efforts to improvement awareness and adoption among diverse multicultural consumers and niche lifestyle segments.
“Janet has always blended her Comcast role with a strong commitment to volunteerism with diverse community organizations and professional networks,” said Kerri St. Jean, Senior Vice President of Human Resources for Comcast’s Northeast Division. “She brings a wealth of knowledge and experience to her new position, and we’re thrilled that she will be part of our team.”
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
