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 […]
On May 24, Teledyne Technologies Incorporated (TDY) announced that its Teledyne e2v division has received a second phase contract from the European Space Agency. The €42M ($47M) contract is for the production of a high-end Charge Coupled Device (CCD) visible light image sensors that will be used on the PLATO (Planetary Transits and Oscillations of […]
During its May 21 Analyst and Investor event, Micron technology, Inc. (MU) announced that its Board of Directors authorized a new share repurchase program. The company will be able to purchase up to $10 billion of its outstanding common stock. In addition, Micron announced plans to return up to 50% of free cash flow to […]
Old Dominion Freight Line, Inc. (ODFL) announced on May 17 that the company’s Board of Directors authorized a new share repurchase program. Beginning after the May 23 expiration of the previous program, the repurchase program authorizes the repurchase of up to $250 million in common stock. In addition, Old Dominion Freight Line will pay a […]
Avinger, Inc. reported on May 23 that the company has received 510(k) clearance from the FDA for its next-generation Pantheris Lumivascular atherectomy system. Lumivascular is the only technology that combines both real-time intravascular imaging with catheters to treat peripheral artery disease (PAD). This is the first image-guided atherectomy device for the treatment of PAD. Sonal […]
On May 15, Global Medical, Inc. (GMED) reported the results of a medical study that supported the benefits of the company’s Globus expandable lateral spacers. The study “Clinical and radiographic analysis of expandable versus static lateral lumbar interbody fusion devices with two-year follow-up” was published in the Journal of Spine Surgery. Dr. Joseph O’Brien, MD, […]
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