On Thursday, Shares of Pfizer Inc. (NYSE:PFE), gained 0.44% to $34.46.
Pfizer, declared the top line results from a Phase 3 study which evaluated the efficacy, safety, and tolerability of Pristiq® (desvenlafaxine succinate sustained-release formulation) in pediatric patients ages 7 to 17 with Major Depressive Disorder (MDD).
The study did not meet its primary objective to demonstrate superior efficacy of desvenlafaxine succinate sustained-release formulation contrast to placebo.
This is the first accomplished study of four Phase 3 pediatric trials being conducted as part of an FDA post-marketing commitment under the Pediatric Research Equity Act (PREA).
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Shares of Encana Corporation (NYSE:ECA), declined -0.49% to $12.27, during its last trading session, as U.S. oil prices slipped from a six-month high Thursday on a stronger dollar and concerns about a continued global glut of oil.
Light, sweet crude for July delivery settled down 66 cents, or 1.1%, to $60.77 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 59 cents, or 0.9%, to $65.11 a barrel on ICE Futures Europe.
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Finally, Cypress Semiconductor Corporation (NASDAQ:CY), ended its last trade with -0.76% gain, and closed at $13.04.
Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading supplier of video displays and interface ICs headquartered in Silicon Valley, and Cypress Semiconductor Corporation, declared that they have reached a definitive agreement under which Parade will acquire Cypress’s TrueTouch® Mobile touchscreen business for an aggregate acquisition price of US$100 million in cash.
Post-acquisition, Parade will provide TrueTouch® solutions to mobile customers and expand into other consumer-oriented segments. Markets to be served by Parade will comprise smartphones, tablets, notebooks/PCs, monitors, wearable technology, GPS systems, digital cameras, and certain industrial segments. Leveraging its deep knowledge and customer relationships, Cypress will continue to provide TrueTouch® solutions to its automotive and home appliance customers and CapSense® button-replacement solutions to its mobile customers.
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.
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