Global Blood Therapeutics, Inc. (GBT) announced its positive top-line Phase 3 clinical trial data on June 27. The results are from Part A of the Phase 3 HOPE (Hemoglobin Oxygen Affinity Modulation to Inhibit HbS PolymEmerization) Study to evaluate the use of voxelotor as a treatment for sickle cell disease. On the primary endpoint, patients […]
Blue Bird Corporation (BLBD) announced on June 13 that the company’s Board of Directors authorized a new share repurchase program. The company’s previous $50 million share repurchase program closed in March 2018. Under the new program, the company can repurchase up to $25 million in outstanding common stock or series A convertible preferred stock over […]
On June 13, Orion Group Holdings, Inc. (ORN) reported that the company has received an $18 million contract by the Port of Corpus Christi. Orion Group’s marine division will be responsible for the design, construction, and dredging of a new cement unloading dock on the Corpus Christi ship channel. The project is scheduled to begin […]
On June 13, AMC Networks Inc. (AMCX) announced an increase to its share repurchase program. The Board of Directors authorized a $500 million increase to the company’s existing share repurchase program. This change increases the total size of the repurchase authorization to $1.5 million. Sonal detected the event and sent an alert at 8:30 […]
Ironwood Pharmaceuticals Inc. (IRWD) announced on June 7 that the FDA granted Orphan Drug Designation to Olinciguat (IW-1701) for patients with sickle cell disease. The FDA grants orphan status to drugs that are intended to treat rare disorders that affect fewer than 200,000 patients in the United States. The designation gives the developer fee waivers […]
On June 5, Sabre Corporation announced that two existing shareholders, TPG Global and Silver Lake Management Company, would be selling 16,000,000 of the company’s common shares in a secondary offering. As part of the agreement, Sabre will repurchase 1,000,000 of those 16,000,000 shares directly from the underwriter. Sabre expects to fund the purchase from its […]
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On May 30, PVH Corp. (PVH) reported its earnings for the first quarter of 2018. The company’s revenue increased by 16% over the previous year and exceeded expectations across all business lines. As a result, PVH increased its annual earnings guidance for the year from between $8.76 and $8.86 per share to between $8.81 and […]
Monster Beverage Corporation (MNST) announced on May 30 that the company’s Board of Directors authorized a new share repurchase program. The company used the entire $250 million repurchase authorization it previously received from the Board of Directors. The new share repurchase program allows the management to purchase up to $500 million of the company’s outstanding […]
On May 29, Comtech Telecommunications Corp. (CMTL) announced that its Command and Control Technologies Group was awarded over $7 million in new contracts from an international space and communications customer. The Command and Control Technologies Group is a leading provider of mission-critical mobile C4ISR solutions. Comtech noted that the company has been providing supply chain […]
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