On Friday, Cempra Inc (NASDAQ:CEMP)’s shares inclined 2.43% to $38.40.
Cempra, Inc. (CEMP), a clinical-stage pharmaceutical company focused on developing antibiotics to meet critical medical needs in the treatment of bacterial infectious diseases, recently declared that the U.S. Food and Drug Administration (FDA) has granted a qualified infectious disease product (QIDP) designation to Cempra’s investigational antibiotic product candidate, Taksta(TM) (CEM-102, sodium fusidate, the sodium salt of fusidic acid). The designation is for Taksta oral tablets for the indication of acute bacterial skin and skin structure infections (ABSSSI).
The QIDP designation was created by the Generating Antibiotic Incentives Now (GAIN) Act of 2012. It provides certain incentives for the development of new anti-infectives, counting eligibility for preceding review, the FDA’s Fast Track program, and a five-year extension of exclusivity under the Hatch-Waxman Act. The FDA has formerly granted QIDP designation to Cempra’s lead product development candidate solithromycin IV and capsules for the treatment of community attained bacterial pneumonia (CABP) and solithromycin capsules for the treatment of gonorrhea.
Cempra, Inc., a clinical-stage pharmaceutical company, focuses on developing antibiotics to meet medical needs in the treatment of bacterial infectious diseases in North America. Its lead product candidates comprise solithromycin (CEM-101), which is in Phase III clinical trials for the treatment of community attained bacterial pneumonia, in addition to for uncomplicated bacterial urethritis; and Taksta (CEM-102), an antibiotic that has accomplished Phase II clinical trials for refractory bone and joint infections.
Randgold Resources Ltd. (ADR)(NASDAQ:GOLD)’s shares gained 1.96% to $60.44.
Randgold Resources Limited (GOLD) and AngloGold Ashanti Limited have concluded an investment agreement aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold will lead and fund a development plan designed to rebuild Obuasi as a viable long-life mining business with an attractive cost structure and returns.
Obuasi, located in the Ashanti region of Ghana 320 kilometers northwest of the capital Accra, is a large, high-grade deposit with proven and probable ore reserves (as stated by AngloGold Ashanti in their 2014 Annual Report) of 24.53Mt at 6.70g/t for 5.29Moz, part of a substantial mineral resource base. In 2012, AngloGold Ashanti initiated a programme to modernize the mine, principally by starting to develop a ramp access that will ultimately run from surface to high-grade blocks of ore underground. The ramp will supplement current vertical hoisting infrastructure and assist debottleneck the underground operation by allowing for greater ease in transporting people and materials underground, and transporting ore to surface. This is a necessary step ahead of the envisaged transformation of the mine into a modern, mechanized operation.
Randgold Resources Limited explores and develops gold deposits in Sub-Saharan Africa. It holds interests in the Morila gold mine, the Loulo gold mine, and the Gounkoto gold mine, which are located in Mali, Western Africa; Tongon mine located within the Nielle exploitation permit in the north of Côte dIvoire; Kibali mine located in the Democratic Republic of Congo; and the Massawa project located in Senegal.
At the end of Friday’s trade, Republic Airways Holdings Inc. (NASDAQ:RJET)‘s shares dipped -1.79% to $3.30.
Republic Airways Holdings Inc. (RJET) stated preliminary passenger traffic results for August 2015.
The Company generated nearly 974 million revenue passenger miles (RPMs) in August, down about 6 percent contrast to the same period in 2014, with a 7 percent reduction in accessible seat miles (ASMs). Block hours declined 8 percent to about 62,000, and the load factor raised 1 percentage point contrast to the same period last year. Republic Airways carried more than 2 million passengers during the month, a decrease of 2 percent contrast to August 2014.
Republic Airways Holdings Inc., through its auxiliaries, provides planned passenger services. The company offers planned passenger service on about 1,229 flights daily to about 101 cities in the U.S. and Canada. It provides fixed-fee regional airline services under United Express, Delta Connection, or US Airways Express/American Eagle.
Gulfport Energy Corporation (NASDAQ:GPOR), ended its Friday’s trading session with -4.36% loss, and closed at $32.23.
Gulfport Energy Corporation (GPOR) declared a projected enhance to the Company’s borrowing base and the completion of its formerly declared acquisition of Paloma Partners III, LLC.
Fall Bank Redetermination
The Bank of Nova Scotia, as Sole Lead Arranger and Administrative Agent of our credit facility, as part of the regular fall 2015 borrowing base redetermination process, will be recommending to the lending syndicate an enhance of the borrowing base from $575 million to $700 million. Gulfport anticipates final approval of the borrowing base enhance by the bank syndicate to be accomplished within the next 30 days. On June 30, 2015, Gulfport’s revolving credit facility was undrawn with outstanding letters of credit totaling $92.7 million. Pro forma for the projected enhance to the Company’s borrowing base, Gulfport would have about $607.3 million of availability under its revolving credit facility.
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the United States. The company’s principal properties are located in the Utica Shale primarily in Eastern Ohio; Louisiana Gulf Coast in the West Cote Blanche Bay; and Hackberry fields.
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