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Myriad Genetics to Acquire Genetic Testing Startup Counsyl for $375 Mln
Business News / Markets

Myriad Genetics to Acquire Genetic Testing Startup Counsyl for $375 Mln

Myriad Genetics (MYGN), a molecular diagnostic company, said Monday it has signed a definitive agreement to acquire genetic testing startup Counsyl for $375 million in a cash-and-stock transaction. Counsyl provides carrier screening and non-invasive pre-natal screening services. The business has generated more than $134 million in revenue during the last 12 months. Under the deal, Counsyl shareholders may receive up […]

MKM Cuts Granite Construction Price Target to $74
Markets / Stocks

MKM Cuts Granite Construction Price Target to $74

MKM Partners has cut its price target on Granite Construction (GVA) to $74 from $82 while retaining its buy rating, expecting legislative overhang around SB-1 repeal in California to weigh on the shares. Still, MKM analyst Daniel Scott said in a note that he expects margins to turn by the end of the year and the SB-1 issue to be […]

Tesla Makes New Management Hires
Markets / Stocks

Tesla Makes New Management Hires

Tesla (TSLA), a U.S. electric carmaker, said on Friday it has filled positions including VP of engineering, director of energy manufacturing, director of production engineering at Gigafactory and a new CFO in China. The new hires mainly come from Snap (SNAP), Apple (AAPL), Thin Film Electronics and Walmart (WMT) eCommerce. Separately, Reuters reported, citing unidentified sources, Tesla has flown six […]

Pan American Silver Reportedly Suspends Operations at Dolores Mine in Mexico
Markets / Stocks

Pan American Silver Reportedly Suspends Operations at Dolores Mine in Mexico

Pan American Silver (PAAS), a mining company based in Canada, has suspended operations indefinitely at its Dolores mine in Chihuahua, Mexico amid reports of organized crime attacks on workers, according to El Diario de Chihuahua. The suspension was confirmed by Jose Rafael Jabalera, director of mining in the state government, the report said. The Dolores mine has a workforce of […]

Pepsico Swallows Baked Fruit and Veggie Snacks Maker Bare Foods
Business News / Markets

Pepsico Swallows Baked Fruit and Veggie Snacks Maker Bare Foods

Pepsico (PEP) said on Friday it has entered into a definitive agreement to acquire Bare Foods Co., a U.S.-based maker of baked fruit and vegetable snacks also known as Bare Snacks, for an undisclosed sum to expand its snacking portfolio. “For nearly a dozen years, PepsiCo has been committed to Performance with Purpose, our vision of making more nutritious products, […]

Inovio Says New Analyses Show PSA Stabilizing Effect of INO-5150 in Phase 1b Prostate Cancer Trial
Markets / Stocks

Inovio Says New Analyses Show PSA Stabilizing Effect of INO-5150 in Phase 1b Prostate Cancer Trial

Inovio Pharmaceuticals (INO) said Thursday that additional analyses from the results of its phase 1b clinical trial of INO-5150 showed clinically meaningful prostate specific antigen (PSA) stabilization post-administration of the drug in patients with no documented disease progression. Previously reported data from the trial showed that the immunotherapy slowed PSA rise in patients with biochemically recurrent prostate cancer. “The additional […]

Seattle Genetics To Present ECHELON-1 Trial of Adcetris Combination at Cancer Conference
Business News / Stocks

Seattle Genetics To Present ECHELON-1 Trial of Adcetris Combination at Cancer Conference

Seattle Genetics (SGEN) will present updated data from a phase 1 study of enfortumab vedotin for patients with metastatic urothelial cancer at the 2018 American Society of Clinical Oncology meeting in Chicago, Ill., in June. Data from this study formed the basis of the recent US Food and Drug breakthrough therapy designation for enfortumab vedotin. Multiple posters featuring sub-analyses from […]