ImmunoGen Shares Add 12% Pre-Bell Drug Development Deal Worth at Least $175 Mln With Jazz Pharma

ImmunoGen Shares Add 12% Pre-Bell Drug Development Deal Worth at Least $175 Mln With Jazz Pharma

ImmunoGen (IMGN) shares rose 8% in pre-market trade after the company struck a deal worth at least $175 million with Jazz Pharmaceuticals (JAZZ) to develop and commercialize antibody-drug conjugate (ADC) products. Jazz will pay ImmunoGen an upfront payment of $75 million and up to $100 million in development funding over seven years to support the ADC programs. Also, Jazz may exercise its opt-in right at any time prior to a […]

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People’s United Financial Q2 Results Top Expectations

People’s United Financial Q2 Results Top Expectations

People’s United Financial shares were higher 3% in pre-market trade after the company reported late Thursday Q2 adjusted earnings and revenues that beat expectations compiled by Capital IQ. Q2 adjusted EPS was $0.24 per share, two cents above the consensus. Reported EPS was $0.19 per share, down from $0.23 per share in the year-ago quarter. Revenues taken as the sum of net interest income and non-interest income were $366.5 million, […]

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Cellectar Receives Japanese Patents

Cellectar Receives Japanese Patents

Cellectar Biosciences, a clinical stage company, said pre-market Tuesday the Japanese Patent Office has granted a method of use patent for two of the company’s phospholipid drug conjugates (PDCs). Shares were up 1.9% or four cents in recent pre-market. These PDCs include: CLR 131, the company’s lead compound, and CLR 125, each in combination with radiation and/or other therapies to treat cancer stem cells. CLR 125 is a radiotherapeutic isotope […]

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TRC Wins Los Angeles Power Plant Decommissioning Contract

TRC Wins Los Angeles Power Plant Decommissioning Contract

TRC, a provider of construction-management services, said pre-market Wednesday it has won a $14.2 million contract to decommission one of three generating units at a major Los Angeles power plant, while the two other units remain in full service. TRC will serve as general contractor for the decommissioning and razing of the Los Angeles Department of Water and Power (LADWP) Scattergood Unit 3, while ensuring no impact to the ongoing […]

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MasTec Q4 Results Top Views

MasTec Q4 Results Top Views

Shares of MasTec were rallying Friday after the infrastructure construction company posted Q4 adjusted earnings per share and revenues that exceeded expectations of Wall Street analysts and issued upside guidance on Q1 and full-year EPS. Q4 adjusted EPS was $0.70, compared with $0.21 in the Q4 of 2015, which beat analyst expectations of $0.54 in a Capital IQ poll. Revenue in Q4 was $1.34 billion, compared with $1.03 billion for […]

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