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Sunday 20 September 2015
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Latest Update

Pre-Market News Alert on: MannKind (NASDAQ:MNKD), Express Scripts Holding Company (NASDAQ:ESRX), Cypress Semiconductor (NASDAQ:CY), Occidental Petroleum (NYSE:OXY)

On Thursday, MannKind Corporation (NASDAQ:MNKD)’s shares inclined 1.36% to $5.96.

MannKind Corporation (MNKD), a leading biopharmaceutical company focused on patient experience, acknowledged today that Executive Chairman Alfred Mann was honored last night at a gala for his extensive work in the progression and advancement of diabetes technologies and advocacy.

Held in conjunction with the 75th annual American Diabetes Association Scientific Sessions in Boston, the reception was co-hosted by Kelly L. Close, leading diabetes advocate and founder of the diaTribe Foundation, along with Dr. Steven Edelman, nationally recognized endocrinologist and founder of Take Control of Your Diabetes (TCOYD). In addition to last night’s honors, Mr. Mann was also recently awarded the JDRF’s Lifetime Achievement Award, one of the leading awards in diabetes internationally.

MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes in the United States. Its lead product is AFREZZA inhalation powder, an insulin to control high blood sugar in adult patients with type 1 and type 2 diabetes.

Express Scripts Holding Company (NASDAQ:ESRX)’s shares gained 1.70% to $89.59.

Express Scripts Holding Company (ESRX) declared that its Board of Directors has elected Tim Wentworth to the Board.

Mr. Wentworth is presently the President of Express Scripts, a role he has held since 2014. He has administration responsibility for all aspects of the company’s core business, and reports directly to George Paz, Express Scripts’ Chairman and CEO.

Prior to his appointment as President, Mr. Wentworth served as Senior Vice President and President, Sales and Account Administration, with responsibility for Express Scripts’ core sales and account administration teams, counting employer groups, health plans, and new sales. In addition to sales and account administration, he is presently responsible for information technology, operations, research and new solutions, home delivery and specialty pharmacies, and supply chain administration.

Mr. Wentworth joined Express Scripts following the company’s merger with Medco Health Solutions, Inc. in April 2012. He formerly led Medco’s employer and key accounts organizations for nearly 14 years, and also served as President and CEO of Accredo, the company’s specialty pharmacy. Prior to that, Mr. Wentworth spent five years at Mary Kay, Inc., where he initially served as Senior Vice President of Human Resources and subsequently as President, International. He also held roles of increasing responsibility in a nine-year career in human resources administration at PepsiCo. He earned an associate’s degree in business from Monroe Community College and a bachelor’s degree in industrial and labor relations from Cornell University.

Express Scripts Holding Company operates as a pharmacy benefit administration (PBM) company in the United States and Canada. The company operates through two segments, PBM and Other Business Operations. The company’s PBM segments’ services comprise clinical solutions to enhance health outcomes, such as adherence, case coordination, and personalized medicine; specialized pharmacy care; home delivery pharmacy; specialty pharmacy, counting the distribution of fertility pharmaceuticals that require special handling or packaging; and retail network pharmacy administration.

At the end of Thursday’s trade, Cypress Semiconductor Corporation (NASDAQ:CY)‘s shares surged 0.88% to $12.65.

Cypress Semiconductor Corporation (CY) declared its highly integrated, single-chip Bluetooth® Low Energy solutions for the Internet of Things and other wireless applications now offer double the memory capacity. The PSoC® 4 BLE Programmable System-on-Chip and PRoC™ BLE Programmable Radio-on-Chip solutions each now have options with 256KB of flash and 32KB of SRAM, giving designers added flexibility by enabling over-the-air (OTA) firmware upgrades without the need for external memory. The new offerings are pin-to-pin compatible with Cypress’s original Bluetooth Low Energy solutions, simplifying upgrades.

Cypress’s easy-to-use PSoC Creator™ integrated design environment (IDE) supports the new 256KB Bluetooth Low Energy solutions. Cypress has added support for multiple new Bluetooth Low Energy profiles in PSoC Creator, further streamlining design of a broader range of applications, counting Glucose Monitoring, Environmental Sensing and Apple Notification Center Service.

Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.

Occidental Petroleum Corporation (NYSE:OXY), ended its Thursday’s trading session with 0.38% gain, and closed at $79.10.

Occidental Petroleum Corporation (OXY) told regulators on Friday that a top executive, Willie Chiang, has suddenly quit - a month after Vicki Hollub was picked to eventually replace Chief Executive Steve Chazen

Hollub, a longtime Occidental employee, will become the first woman to head a major U.S. oil company. That is predictable to occur next year.

Chiang was the company’s executive vice president, operations, and had stated directly to Chazen.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its domestic oil and gas operations are located in Colorado, New Mexico, North Dakota, and Texas; and international oil and gas operations are located in Bahrain, Bolivia, Colombia, Iraq, Libya, Oman, Qatar, the United Arab Emirates, and Yemen.

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