On Wednesday, Shares of Impax Laboratories Inc (NASDAQ:IPXL), lost -1.66% to $35.01.
Impax Laboratories, declared that the U.S. Food and Drug Administration (FDA) has approved its generic version of guanfacine extended-release tablets 1 mg, 2 mg, 3 mg and 4 mg.
Fred Wilkinson, President and Chief Executive Officer of Impax stated, “Since the resolution of the warning letter at the Hayward facility in early September, the FDA has approved three generic products from this facility in the last five weeks. Generic guanfacine was one of the products waiting for the resolution of the warning letter and we did not comprise it in the 14 potential generic product launches for 2015. We are now evaluating the viability of this very competitive multi-player market and potential commercialization of this product. Additionally, we will continue to work with the FDA toward approval of our pending Abbreviated New Drug Applications at our Hayward facility.”
According to IMS Health (NSP), U.S. brand and generic sales of guanfacine extended-release tablets 1 mg, 2 mg, 3 mg and 4 mg were about $689 million for the 12 months ending in August 2015.
Impax Laboratories, Inc., a specialty pharmaceutical company, develops, manufactures, and markets bioequivalent pharmaceutical products. It operates in two segments, Global Pharmaceuticals Division and Impax Pharmaceuticals Division.
Shares of Canadian Solar Inc. (NASDAQ:CSIQ), declined -4.25% to $20.73, during its last trading session.
Canadian Solar Inc., declared that it started the commercial operation of four solar photovoltaic (PV) power plants in Japan, totaling about 8.6 MWp.
The 8.6 MWp portfolio of projects comprise the 2.6 MWp Hijimachi Fujiwara solar power plant in Hayami-gun, Oita Prefecture, the 2.2 MWp Koba solar power plant in Isa-shi City, Kagoshima Prefecture, the 2.1 MWp Tsukuba Holes solar power plant in Kasama-shi City, Ibaraki Prefecture and the 1.7 MWp Yusuicho solar power plant in Aira-gun, Kagoshima Prefecture.
Financing for these four projects is being offered by Rabobank Hong Kong, following a credit agreement declared on July 28, 2015. As formerly revealed, the credit facility has a two-year maturity and will be used to finance the construction of an initial portfolio of up to 20 MWp of the Company’s solar power plants in Japan.
Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. Its products comprise various solar modules that are used in residential, commercial, and industrial solar power generation systems.
Finally, Shares of Hasbro, Inc. (NASDAQ:HAS), ended its last trade with 1.44% gain , and closed at $73.99.
Hasbro, stated financial results for the third quarter 2015. Net revenues for the third quarter 2015 were $1.47 billion, flat with $1.47 billion in 2014. Absent a negative $132.4 million impact from foreign exchange, net revenues raised 9%.
Net earnings for the third quarter 2015 were $207.6 million, or $1.64 per diluted share, contrast to $180.5 million, or $1.40 per diluted share, in 2014. Adjusted net earnings for the third quarter 2015 were $200.5 million, or $1.58 per diluted share. These exclude a pre-tax gain of $9.9 million, or $0.06 per diluted share, from the sale of the Company’s manufacturing operations in East Longmeadow, MA and Waterford, Ireland. This contrast to adjusted net earnings for the third quarter 2014 of $187.8 million, or $1.46 per diluted share, which excluded a pre-tax charge of $11.6 million, or $0.06 per diluted share, related to the restructuring of the Company’s investment in its television joint venture.
“Strong global consumer demand across Hasbro Franchise Brands and Partner Brands drove continued momentum in our business,” said Brian Goldner, Hasbro’s Chairman, President and Chief Executive Officer. “Brand innovation and superior market execution delivered not only underlying revenue growth, but higher profitability in a very challenging foreign exchange environment. We have innovative play experiences and marketing initiatives across brands, demographics and geographies this holiday season and remain focused on executing and investing for continued growth in future years.”
Hasbro, Inc., together with its auxiliaries, provides children’s and family leisure time products and services worldwide. The company’s product offerings comprise various toys comprising boys action figures, vehicles and playsets, girls toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, creative play, and toy-related specialty products.
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