On May 26, Triumph Group, Inc. (TGI) announced that Triumph Systems and Support received a six-year extension on its contract for an international CH-47 Chinook fleet. As part of the contract, Triumph provides maintenance, repair, and overhaul services for the fleet’s EMC-32T hydromechanical fuel control. Triumph plans to deliver the services out of its West […]
On May 15, Vectrus Systems, Corp., a wholly owned subsidiary of Vectrus, Inc. (VEC), announced that it was awarded a new $45 million contract with the U.S. Navy. Vectrus will provide base operations support services at the Naval Support Facility in Deveselu, Romania through May 2028. This is the third new contract that the U.S. […]
On May 15, Ultragenyx Pharmaceutical Inc. (RARE) presented positive initial data from all three cohorts in its DTX401 clinical trial. DTX401 is an adeno-associated virus-based gene therapy. It is undergoing clinical trials for the treatment of glycogen storage disease type 1a (GSD1a). All patients demonstrated significant cornstarch reductions over time and increases in time to […]
On May 4, Kratos Defense & Security Solutions, Inc. (KTOS) announced that it was awarded a sole-source contract with the U.S. Space Force. Under the terms of the contract, Kratos will provide satellite bandwidth utilization services and continuous monitoring of commercial satellites leased by the U.S. Space Force. The contract is valued at just over […]
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Akebia Therapeutics, Inc. (AKBA) announced positive top-line results on May 5 for the first of its two Phase 3 cardiovascular outcomes programs. The two INNO2VATE studies evaluated the efficacy and safety of Akebia’s drug vadadustat. The drug treats anemia due to chronic kidney disease in adult patients on kidney dialysis. The studies indicate that the treatment […]
On April 22, Immunomedics, Inc. (IMMU) announced that they received accelerated FDA approval of Trodelvy™ (sacituzumab govitecan-hziy) for the treatment of adult patients with metastatic triple-negative breast cancer (TNBC). The treatment is specifically for patents who have received at least two prior therapies for metastatic disease. This is a particularly aggressive form of cancer for […]
On April 13, Diana Shipping Inc. (DSX) announced that it entered into a time charter contract with C Transport Maritime Ltd. The contract for the m/v Houston began on April 13 and will continue through July 1, 2021. The contract could be extended through September 30, 2021. C Transport Maritime agreed to pay a gross […]
On April 7, GenMark Diagnostics, Inc. (GNMK) provided preliminary financial results for the quarter ending March 31, 2020. During the first quarter, GenMark received FDA emergency use authorization for its ePlex SARS-CoV-2 Test. Total revenue estimates for the first quarter are $38.7 million, which is an 80% increase over the first quarter of 2019. GenMark […]
Scientific Games Corporation (SGMS) announced on April 7 that the company won a new 10-year contract with the Iowa Lottery. Scientific Games will provide a new statewide gaming system for the 2,400 retail locations where Iowa Lottery games are sold. Over the last eight years, Scientific Games has helped the Iowa Lottery to increase sales […]
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