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F-star Therapeutics Inks License Deal With Takeda To Develop Bispecific Antibody
Biopharmaceutical company F-star Therapeutics, Inc. (FSTX), operating through its subsidiary, F-star Therapeutics Ltd., announced Wednesday that it has entered into a license agreement with Japan's Takeda Pharmaceutical Co. Ltd. (TAK) to develop a bispecific antibody.
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Community Trust Bancorp Q2 Profit Declines
Community Trust Bancorp, Inc. (CTBI) reported Wednesday net earnings for the second quarter of $20.27 million or $1.14 per share, down from $23.93 million or $1.34 per share in the prior-year quarter.
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PTC Therapeutics Granted Marketing Authorization By EU For Upstaza To Treat AADC Deficiency
PTC Therapeutics, Inc. (PTCT) announced Wednesday that Upstaza (eladocagene exuparvovec) was granted marketing authorization by the European Commission. Upstaza is the first approved disease-modifying treatment for aromatic L-amino acid decarboxylase (AADC) deficiency and the first marketed gene therapy directly infused into the brain. It is approved for patients 18 months and older.
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BMO Financial To Acquire Radicle Group For Undisclosed Terms
BMO Financial Group (BMO, BMO.TO) announced Wednesday that it has entered into a definitive agreement to acquire Radicle Group Inc., a Calgary-based leader in sustainability advisory services and solutions, and technology-driven emissions measurement and management. Terms were not disclosed.
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Bay Street Headed For Cautious Start; Inflation Data In Focus
Canadian shares are likely to open on a cautious note on Wednesday, with investors reacting to the consumer inflation data and tracking weak commodity prices.
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Biogen Boosts FY22 Outlook As Q2 Results Top Estimates
While reporting financial results for the second quarter on Wednesday, Biogen Inc. (BIIB) raised its adjusted earnings and revenue guidance for the full-year 2022, based on better-than-expected topline performance and continued cost management.
For fiscal 2022, the company continues to project adjusted earnings in the range of $15.25 to $16.75 per share on revenues between $9.90 billion and $10.1 billion.
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Sensex, Nifty Extend Gains For Fourth Day
Indian shares rallied on Wednesday, with energy stocks leading the surge after the government cut windfall taxes on fuel exports, citing falling global prices.
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more news
European Shares Edge Higher As Draghi Speaks
European stocks were seeing modest gains on Wednesday as worries about gas supplies eased and U.S. streaming giant Netflix posted better than expected results for the June quarter.
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China Leaves Lending Rates Unchanged
China's central bank held its benchmark lending rates steady, as widely expected, on Wednesday despite the tightening stance adopted by its global peers. The People's Bank of China kept the five-year loan prime rate, or LPR, the benchmark for mortgage rates, unchanged at 4.45 percent. The rate was lowered by a record 15 basis points in May and by five basis points in January.
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FTSE 100 Edges Higher As Recession Worries Ebb
U.K. stocks rose on Wednesday to hover near three-week high, with oil and mining stocks leading the surge.
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CAC 40 Edges Higher In Lackluster Trade
French stocks edged up slightly on Wednesday ahead of an address by Italian Prime Minister Mario Draghi. He will address the Senate before facing a confidence vote amid a political crisis.
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DAX Holds Steady On Easing Energy Supply Worries
German stocks held steady on Wednesday as investors cheered stronger than expected earnings from U.S. streaming group Netflix and awaited Italian Premier Mario Draghi's parliament address.
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Asian Shares Rally On Earnings Optimism
Asian stocks posted strong gains on Wednesday after Wall Street rallied to its best day in more than three weeks overnight, helped by reasonably healthy corporate earnings for the past quarter.
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