On Thursday, Medivation Inc (NASDAQ:MDVN)’s shares inclined 3.35% to $51.54.
Medivation, Inc. (MDVN) and BioMarin Pharmaceutical Inc. (BMRN) declared recently that they have reached an asset purchase agreement under which Medivation will acquire all worldwide rights to talazoparib (formerly referred to as BMN 673), a highly-potent, orally-accessible poly ADP ribose polymerase (PARP) inhibitor presently in a Phase 3 study for the treatment of patients with deleterious germline BRCA 1 or BRCA 2 mutations and locally advanced and/or metastatic breast cancer. Under the agreement, Medivation will be responsible for all research, development, regulatory and commercialization activities for all indications on a global basis.
Under the terms of the agreement, Medivation will pay BioMarin $410 million upfront, up to an additional $160 million upon the achievement of regulatory and sales-based milestones and mid-single digit royalties for talazoparib. At the closing of the transaction, Medivation will assume all financial obligations associated with the development and commercialization of talazoparib.
Medivation, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapies to treat serious diseases in the United States. It offers XTANDI for the treatment of post-chemotherapy metastatic castration-resistant prostate cancer (mCRPC) patients.
Analog Devices, Inc. (NASDAQ:ADI)’s shares dropped -0.89% to $57.93.
Analog Devices, Inc. introduced a high-performance clock jitter attenuator designed to support the JESD204B serial interface standard for connecting high-speed data converters and field-programmable gate arrays (FPGAs) operating in base station designs. The JESD204B interface was specifically developed to address high-data rate system design needs, and the 3.2-GHz HMC7044 clock jitter attenuator contains functions that support and enhance the unique capabilities of that interface standard. The HMC7044 delivers 50-fs jitter performance, which improves the signal-to-noise ratio and dynamic range of high-speed data converters, and the device provides 14 low-noise and configurable outputs that provide flexibility in interfacing with many different components. The HMC7044 also offers a wide range of clock administration and distribution features that make it possible for designers of base stations to build an entire clock design with a single device.
In base stations applications there are many serial JESD204B data converter channels that require their data frames to be aligned with an FPGA. The HMC7044 clock jitter attenuator simplifies JESD204B system design by generating source-synchronous and adjustable sample and frame alignment (SYSREF) clocks in a data converter system. The device features two phase-locked loops (PLLs) and overlapping, on-chip, voltage-controlled oscillators (VCOs). The first PLL locks a low-noise, local voltage-controlled clock oscillator (VCXO) to a relative noisy reference, while the second PLL multiplies the VCXO signal up to the VCO frequency with exceptionally little added noise. For cellular infrastructure JESD204B clock generation, wireless infrastructure, data converter clocking, microwave baseband cards and other high-speed communications applications, the architecture of the HMC7044 offers excellent frequency generation performance with low phase noise and integrated jitter.
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. It offers signal processing products that convert, condition, and process real-world phenomena, such as temperature, pressure, sound, light, speed, and motion into electrical signals.
At the end of Thursday’s trade, ACE Limited (NYSE:ACE)‘s shares dipped -0.26% to $101.55.
ACE Limited (ACE) will hold its third quarter earnings conference call on Wednesday, October 21, 2015, starting at 8:30 a.m. Eastern.
The company anticipates to issue its third quarter earnings release and financial supplement after the market closes on Tuesday, October 20, 2015. These documents will be accessible in the Investor Information section of the company’s website located at www.acegroup.com.
ACE Limited, through its auxiliaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk administration services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages.
3M Co (NYSE:MMM), ended its Thursday’s trading session with -0.89% loss, and closed at $142.91.
3M Safety and Graphics Business Group declares a minority equity investment in StrongArm Technologies Inc., a New York-based startup that is focused on creating innovative safety products for the industrial workforce.
StrongArm designs and manufactures patent protected products aimed to enhance the safety and productivity of workers engaged in manual lifting and materials handling. The company has launched ErgoSkeleton™ personal performance equipment, ergonomically influenced exoskeleton products for industrial workers identified as V22 and FLx. The V22 is a passive ErgoSkeleton™ that assists workers lift heavy boxes by redistributing the load on the body, allowing the user to lift safer and for longer distances. The FLx is a streamlined ErgoSkeleton™ that supports proper posture and reduces fatigue.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
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