On Thursday, Inovio Pharmaceuticals Inc (NASDAQ:INO)’s shares declined -4.72% to $8.38.
Inovio Pharmaceuticals Inc (INO) declared that Inovio’s Chief Executive Officer, Dr. J. Joseph Kim, has been selected as the “Entrepreneur of the Year(TM)” for Greater Philadelphia by Ernst & Young, a global leader in assurance, tax, and advisory services.
Dr. Kim, who co-founded the organization that became Inovio Pharmaceuticals, was recognized for his vision, passion, medical and financial acumen in building Inovio from a two-person start-up into a clinical-stage publicly traded immunotherapy company with innovative therapies for cancers and infectious diseases.
Last year, Inovio stated a medical breakthrough by demonstrating the first clinically meaningful efficacy results from T cells generated exclusively in vivo in the history of its DNA based immunotherapy technology. These results were from a phase II study treating cervical pre-cancer. Early next year, Inovio will move this lead product into phase III. The company has also received more than $70 million in government grants in the past eight months to develop HIV, influenza and Ebola treatments and vaccines.
Inovio Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, develops active DNA immunotherapies and vaccines in combination with proprietary electro oration delivery devices to prevent and treat cancers and infectious diseases. The company’s SynCon immunotherapy design has the ability to break the immune system’s tolerance of cancerous cells; and SynCon product design is also intended to facilitate cross-strain protection against known, as well as new unmatched strains of pathogens, such as influenza.
VASCO Data Security International, Inc. (NASDAQ:VDSI)’s shares gained 1.75% to $33.64.
VASCO Data Security International, Inc. (VDSI) a global leader in authentication, electronic signatures and identity administration, declared the launch of its newest weapon to identify and mitigate hacking attacks. IDENTIKEY Risk Manager (IRM) is a comprehensive risk administration solution that improves the methods and speed with which organizations can detect fraud. IRM also allows organizations to perform more security functions in the background, reducing the security burden on their customers.
IDENTIKEY Risk Manager combines sophisticated, real-time risk analysis, multi-channel transaction monitoring and risk-based authentication to deliver an innovative solution for fraud prevention and compliance. IRM identifies and scores risks in real-time and at critical steps to determine risk levels and initiate protective action when suspicious patterns are identified. VASCO attained the core technology of IDENTIKEY Risk Manager with its 2014 acquisition of Risk IDS, Ltd., a provider of risk-based authentication solutions to the global banking community.
VASCO Data Security International, Inc., together with its auxiliaries, designs, develops, markets, and supports hardware and software security systems that manage and secure access to information assets worldwide. The company offers VACMAN Controller, a host system software authentication platform that combines technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; DIGIPASS as a Service, a cloud-based authentication service primarily for enterprise customers; and MYDIGIPASS solutions for end user authentication in the cloud.
At the end of Thursday’s trade, Steel Dynamics, Inc. (NASDAQ:STLD)‘s shares dipped -0.67% to $22.15.
Steel Dynamics, Inc. (STLD) the company offered second quarter 2015 adjusted earnings guidance in the range of $0.20 to $0.24 per diluted share
Estimated second quarter adjusted earnings are higher than sequential first quarter 2015 adjusted earnings of $0.17 per diluted share and lower than prior-year second quarter earnings of $0.31 per diluted share. Counting the above items, earnings guidance for the second quarter 2015 is in the range of $0.11 to $0.15 per diluted share.
Profitability from the company’s steel operations for the second quarter 2015 is predictable to be similar in comparison to the sequential first quarter 2015 results. Improved second quarter 2015 shipments will be offset by unpredictable metal margin compression, driven by steel imports remaining much higher than originally anticipated, resulting in average quarterly steel prices decreasing more than average quarterly scrap prices. The benefit of reduced scrap pricing was realized in the second quarter; but, the continued flood of steel imports thus far in 2015 continued to pressure steel product pricing to a greater degree. However, steel pricing has recently begun to stabilize and domestic steel demand remains solid.
Continued demand for the company’s fabricated steel joist and decking products indicates the non-residential construction market is ongoing a positive trend. Second quarter 2015 profitability from the company’s fabrication operations is predictable to be higher than near-record sequential first quarter 2015 results.
Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; angles, plain rounds, flats, channels, and billets; and merchant beams, channels, and specialty structural steel sections.
Baidu Inc (ADR) (NASDAQ:BIDU), ended its Thursday’s trading session with -1.32% loss, and closed at $207.55.
Baidu Inc (ADR) (BIDU) declared the pricing of its public offering of US$1.25 billion aggregate principal amount of its notes. The public offering comprises of US$750 million of 3.000% notes due 2020 and US$500 million of 4.125% notes due 2025. The notes have been registered under the U.S. Securities Act of 1933, as amended, and are predictable to be listed on the Singapore Exchange Securities Trading Limited.
The Company anticipates to receive net proceeds from the offering of about US$1.24 billion, after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes.
The joint bookrunners of the offering are Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities LLC.
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
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