On Friday, Shares of Novogen Limited (NASDAQ:NVGN), surged 9.94% to $7.63.
Novogen Limited, declared that it had signed a Memorandum of Understanding with the Feinstein Institute for Medical Research of New York to collaborate with the objective of developing effective treatments for brain cancers.
The partnership brings together the drug discovery expertise of Novogen and the preclinical and clinical expertise of the Feinstein Institute in neurosciences and oncology.
At the heart of the partnership is the Company’s super-benzopyran (SBP) drug technology platform, distinguished by its ability to kill the full spectrum of cells within a tumor counting both rapidly- and slowly-dividing cancer cells (tumor-initiating cells).
The three key areas of research will be:
- the development of lead SBP drug candidate, TRXE-009, as a treatment of both primary and secondary brain cancer in adults and children, counting glioblastoma and medulloblastoma;
- the potential ability of the SBP technology (based on early evidence) to deliver an entirely novel approach to chemotherapy by converting cancer stem cells into stem cells displaying normal stem cell behaviour; and
- the development of drug candidates as radio-sensitizers designed to augment the effectiveness of radiotherapy in treating brain cancers.
Novogen Limited is engaged in the pharmaceutical research and development business in Australia. The company has primarily two drug technology platforms, which comprise super-benzopyrans (SBPs) and anti-tropomyosins (ATMs).
Shares of ZBB Energy Corporation (NYSEMKT:ZBB), gained 9.28% to $1.06, during its last trading session.
ZBB Energy Corporation, declared its intention to enter into a supply contract with Solar Power, Inc. (OTCBB: SOPW), a vertically-integrated photovoltaic (“PV”) developer, for energy storage systems with total combined power output of 40 megawatts (MW) over a period of four years. The value of the initial supply contract is estimated at $80 million to $120 million, depending on the mix of storage applications and installation requirements. This supply contract will be reached at the closing of a Securities Purchase Contract (SPA) between SPI and ZBB that was executed recently and is valued at $33.4 million, comprising of a combination of newly issued common stock and convertible preferred stock of ZBB. Under the terms of the SPA, SPI will purchase 8,000,000 shares of ZBB common stock for about $5.3 million at a price per share of $0.6678 and 28,048 shares of ZBB Series C Convertible Preferred Stock for about $28.0 million. The aggregate purchase price of the purchased preferred shares was determined based on a price of $0.6678 per common equivalent. The Purchased Preferred Shares are only convertible upon the completion of specific procurement milestones detailed in the Supply Contract. With this infusion of capital, ZBB will have in excess of $45 million of cash on its balance sheet.
The planned partnership creates a solar industry powerhouse that will combine solar photovoltaic (PV) systems with energy storage and systems administration solutions for utility, commercial and residential applications.
ZBB Energy Corporation develops, licenses, manufactures, and sells distributed energy storage solutions based upon the proprietary zinc bromide rechargeable electrical energy storage technology and proprietary power electronics systems in the United States and internationally.
At the end of Friday’s trade, Shares of Summit Materials, Inc. (NYSE:SUM), gained 6.79% to $23.59, hitting its highest level.
Summit Materials, declared it has signed a definitive contract with Lafarge North America to attain Lafarge NA’s 1.2 million short ton (1.1 million metric ton) capacity Davenport, IA cement plant and seven cement distribution terminals for $450 million, subject to certain post-closing adjustments, plus Summit’s Bettendorf, Iowa cement distribution terminal. The transaction is predictable to close in July 2015, pending final regulatory approval and the closing of the Lafarge-Holcim global merger.
The Davenport Assets will be integrated into Summit’s Continental Cement Company business based in Chesterfield, MO. The combined business will have 2.45 million short tons of cement capacity across two plants in Hannibal, MO and Davenport, and eight cement distribution terminals along the Mississippi River from Minneapolis, MN to New Orleans, LA.
The purchase price of $450 million is predictable to be funded with a combination of debt and equity.
Summit Materials, Inc., through its auxiliaries, produces and sells heavy-side construction materials and related downstream products. Its products comprise crushed stone, construction sand and gravel, cement and ready-mixed concrete, asphalt paving mixes, and limestone and concrete products.
Finally, Mattel, Inc. (NASDAQ:MAT), ended its last trade with 5.84% gain, and closed at $26.75.
Mattel, stated constant currency revenue growth of 5%, adjusted operating loss of $14.6 million, and adjusted loss per share of $0.08, for the first quarter of 2015.
Financial Overview:
For the quarter, net sales were up 5% in constant currency contrast to last year. On a regional basis, first quarter gross sales raised 9% in constant currency, and 8% as stated, in the North American Region, which comprises of the United States, Canada and American Girl. For the International Region, gross sales raised 2% in constant currency, and reduced 14% as stated. Gross margin reduced 210 basis points of net sales, partially due to the acquisition of MEGA® Brands. Adjusted other selling and administrative expenses raised 90 basis points of net sales, and 300 basis points as stated. Adjusted operating loss for the quarter was $14.6 million, contrast to preceding year’s adjusted operating income of $27.7 million.
The Company’s debt-to-total capital ratio as of March 31, 2015 was 44.1%.
Cash flows used for operating activities were about $53 million, contrast to about $61 million of cash flows from operating activities in 2014. Cash flows used for investing activities were about $92 million, an raise of about $62 million, contrast to about $30 million in 2014. Cash flows used for financing activities and other were about $144 million, contrast to about $173 million in 2014.
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics,
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 through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
