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Saturday 6 February 2016
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Pre-Market Stocks Highlights: Threshold Pharmaceuticals, (NASDAQ:THLD), Plum Creek Timber (NYSE:PCL), GasLog (NYSE:GLOG), Pacific Drilling (NYSE:PACD)

Pre-Market Stocks Highlights: Threshold Pharmaceuticals, (NASDAQ:THLD), Plum Creek Timber (NYSE:PCL), GasLog (NYSE:GLOG), Pacific Drilling (NYSE:PACD)

On Wednesday, Threshold Pharmaceuticals, Inc. (NASDAQ:THLD)’s shares inclined 4.31% to $4.36.

Threshold Pharmaceuticals, Inc. (THLD) declared that the company, in partnershipwith the Academic Thoracic Oncology Medical Investigators Consortium (ATOMIC), has initiated the first Phase 2 clinical trial of tarloxotinib bromide, or “tarloxotinib” (TH-4000), for the treatment of patients with mutant epidermal growth factor receptor (EGFR) non-small cell lung cancer (NSCLC) who have been formerly treated with an EGFR tyrosine kinase inhibitor and are progressing on treatment, but have not attained the T790M resistance mutation. Tarloxotinib is Threshold’s proprietary, hypoxia-activated, irreversible EGFR tyrosine kinase inhibitor licensed from the University of Auckland, New Zealand

Threshold Pharmaceuticals, Inc., a biotechnology company, discovers and develops therapeutic agents that target tumor cells for the treatment of patients living with cancer in the United States. Its lead investigational small molecule is evofosfamide, which is in two Phase III clinical trials for the treatment of soft tissue sarcoma indication and pancreatic cancer; Phase II clinical trials for treating non-squamous non-small cell lung cancer; Phase II clinical trials for advanced melanoma and soft tissue sarcoma; Phase I/II clinical trials for multiple myeloma and pancreatic cancer; and Phase I clinical trials for the treatment of solid tumors, pancreatic cancer, and advanced solid tumors.

Plum Creek Timber Co. Inc. (NYSE:PCL)’s shares gained 0.02% to $40.97.

Plum Creek Timber Company, Inc. (PCL) declared a quarterly cash dividend of $0.44 per share. The dividend is payable on August 31, 2015, to shareholders of record as of August 14, 2015.

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of Plum Creek’s dividend distributions.

Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products comprise lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The trust also focuses on mineral extraction and natural gas production, communication, and transportation.

At the end of Wednesday’s trade, GasLog Ltd (NYSE:GLOG)‘s shares surged 4.79% to $15.08.

GasLog Ltd. (GLOG) declared the completion of the LNGreen joint industry project. The LNGreen joint industry project brought together experts from GasLog, DNV GL, GTT and Hyundai Heavy Industries (“HHI”) to develop a state-of-the-art, next-generation, LNG carrier. Each of the project partners contributed their unique know-how and experience to develop the LNG carrier of tomorrow using the latest technology within the bounds of existing shipbuilding methods. The vessel concept has a significantly improved environmental footprint, a higher level of energy efficiency, an improved boil-off rate, and improved cargo capacity. Applying 2-stroke propulsion technology makes the vessels very well suited to future LNG trading patterns.

The LNGreen project focused on improving the efficiency and performance of the modern LNG carrier by analyzing actual operational performance data, focusing on further optimization through reassessment of vessel hydrodynamics, machinery and systems configuration. These improvements will lead to greater efficiency and cargo capacity without any compromise to the safety or quality of the vessels.

GasLog Ltd., together with its auxiliaries, owns, operates, and manages vessels in the liquefied natural gas (LNG) market worldwide. It provides maritime services for the transportation of LNG; and LNG vessel administration services. As of February 27, 2015, the company operated 20 LNG carriers. It also had 6 LNG carriers operating under its technical administration for third parties.

Pacific Drilling SA (NYSE:PACD), ended its Wednesday’s trading session with 1.32% gain, and closed at $2.31.

Pacific Drilling S.A. (PACD) declared net income for second-quarter 2015 of $47.1 million or $0.22 per diluted share, contrast to net income of $51.7 million or $0.24 per diluted share for first-quarter 2015. Net income for second-quarter 2014 was $49.9 million or $0.23 per diluted share.

Pacific Drilling S.A., together with its auxiliaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. The company contracts drilling rigs, related equipment, and work crews primarily on a dayrate basis to drill wells for its customers. As of December 31, 2014, the company had a fleet of eight drillships, counting one under construction. Pacific Drilling S.A. was founded in 2006 and is based in Luxembourg.

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