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Chronological Index of : Financial News

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  • FINANCIAL NEWS: Actelion reports 17% sales increase in first half

    Actelion Ltd. (SIX:ATLN) reported total sales of CHF993 million ($1.1 billion) in the first half, a 17% increase compared to the same year-ago period. Core EPS rose by 48% in constant currency to CHF3.25. Actelion …

    Published on 7/22/2014
  • FINANCIAL NEWS: CymaBay raises $22 million in follow-on

    CymaBay Therapeutics Inc. (NASDAQ:CBAY) raised $22 million late Tuesday through the sale of 4 million shares at $5.50 in a follow-on underwritten by Cowen; Stifel; Roth Capital Partners; and National Securities. CymaBay…

    Published on 7/22/2014
  • FINANCIAL NEWS: Mela Sciences proposes to raise $27.3 million

    Mela Sciences Inc. (NASDAQ:MELA) plans to raise $27.3 million though the sale of about $15 million in senior secured convertible debentures and 12,300 shares of series B convertible preferred stock at $1,000 in a …

    Published on 7/22/2014
  • FINANCIAL NEWS: Orthocell raises A$8 million in Australian IPO

    Regenerative medicine play Orthocell Ltd. (ASX:OCC) raised A$8 million ($7.5 million) through the sale of 20 million shares at A$0.40 in an IPO on the Australian Stock Exchange. The price values the company at A$33 …

    Published on 7/22/2014
  • FINANCIAL NEWS: Synlogic secures $29.4 million series A

    Synlogic Inc. (Cambridge, Mass.) raised an undisclosed amount in a tranched $29.4 million series A round co-led by existing investor Atlas Venture and new investor New Enterprise Associates. Synlogic is developing …

    Published on 7/22/2014
  • FINANCIAL NEWS: Allergan beats Street, to cut 13% of workforce

    Allergan Inc. (NYSE:AGN) reported 2Q14 financial results on Monday that beat the Street but said the company will reduce headcount by about 1,500 (13%) to about 10,200. The cuts include about 700 R&D positions and about…

    Published on 7/21/2014
  • FINANCIAL NEWS: Auris, Avalanche, Tobira, Loxo set IPO terms

    Audiology company Auris Medical AG (Zug, Switzerland), ophthalmic play Avalanche Biotechnologies Inc. (Menlo Park, Calif.), infectious disease company Tobira Therapeutics Inc. (San Francisco, Calif.) and Loxo Oncology …

    Published on 7/21/2014
  • FINANCIAL NEWS: CareDx raises $40 million in IPO

    Molecular diagnostics company CareDx Inc. (NASDAQ:CDNA) raised $40 million through the sale of 4 million shares at $10 in an IPO. The price values the company at $115.7 million. Earlier this month, CareDx said it …

    Published on 7/18/2014
  • FINANCIAL NEWS: Catalent sets terms for NYSE IPO

    Catalent Inc. (Somerset, N.J.) said it plans to sell 42.5 million shares at $19-$22 in an IPO on the NYSE. At the $20.50 midpoint, the company would raise $871.3 million and be valued at $2.4 billion. Catalent filed to …

    Published on 7/18/2014
  • FINANCIAL NEWS: Marinus sets IPO terms

    Marinus Pharmaceuticals Inc. (New Haven, Conn.) said it plans to sell 4 million shares at $12-$14 in an IPO on NASDAQ. At the $13 midpoint, the company would raise $52 million and be valued at $159 million. Marinus …

    Published on 7/18/2014
  • FINANCIAL NEWS: New Science Ventures planning $100 million third fund

    New Science Ventures is looking to raise $100 million for its third fund, according to an SEC filing. The firm, which declined to comment, invests in life sciences and IT companies in the U.S., Europe, India and China. …

    Published on 7/18/2014
  • FINANCIAL NEWS: Sage jumps 67% in trading debut

    Neurology company Sage Therapeutics Inc. (NASDAQ:SAGE) gained $12.10 (67%) to $30.10 on its first day of trading Friday after raising $90 million through the sale of 5 million shares at $18 in an IPO. The price values …

    Published on 7/18/2014
  • FINANCIAL NEWS: StemCells raises $20 million in private placement

    StemCells Inc. (NASDAQ:STEM) raised $20 million through the sale of 11.3 million units at $1.77 in a private placement to two institutional investors. Each unit comprises a share and a 13-month warrant to purchase 0.85 …

    Published on 7/18/2014
  • FINANCIAL NEWS: CymaBay amends follow-on

    CymaBay Therapeutics Inc. (NASDAQ:CBAY) said it now plans to sell 3.5 million shares in a follow-on. If sold at the company's close of $6.03 on Wednesday, before CymaBay announced the amendment, the company would raise…

    Published on 7/17/2014
  • FINANCIAL NEWS: Edico raises $10 million in A round

    Edico Genome Inc. (La Jolla, Calif.) raised $10 million in a series A round led by Qualcomm Ventures. Axon Ventures and Gregory Lucier also participated. Edico is developing its Dragen Bio-IT processor, which reduces …

    Published on 7/17/2014
  • FINANCIAL NEWS: Novartis misses Street's sales estimates

    Novartis AG (NYSE:NVS; SIX:NOVN) on Thursday reported $14.6 billion in net sales in 2Q14, missing the Street's estimate of $14.8 billion, but up 2% from 2Q13. The pharma also reported $1.34 core EPS, up from $1.29 in …

    Published on 7/17/2014
  • FINANCIAL NEWS: Roka raises $60 million in IPO

    Molecular diagnostics play Roka Bioscience Inc. (NASDAQ:ROKA) raised $60 million through the sale of 5 million shares at $12 in an IPO. The price values the company at $211.6 million. Earlier this month, the company …

    Published on 7/17/2014
  • FINANCIAL NEWS: Sage, Pfenex amend IPOs

    Neurology company Sage Therapeutics Inc. (Cambridge, Mass.) amended an IPO on NASDAQ, while biosimilar play Pfenex Inc. (San Diego, Calif.) amended an NYSE IPO. Sage now plans to sell 5 million shares at $17-$18. At the…

    Published on 7/17/2014
  • FINANCIAL NEWS: Zosano sets IPO terms

    Zosano Pharma Corp. (Fremont, Calif.) amended its IPO on NASDAQ and now plans to sell 6.4 million shares at $10-$12. At the $11 midpoint, the company would raise $70.4 million and be valued at $133.7 million. Zosano …

    Published on 7/17/2014
  • FINANCIAL NEWS: Genocea pulls follow-on

    Infectious disease company Genocea Biosciences Inc. (NASDAQ:GNCA) withdrew a proposed follow-on, citing market conditions. The company said it "remains well capitalized" and said its cash should provide runway through …

    Published on 7/16/2014
  • FINANCIAL NEWS: immatics raises EUR 22 million to close out D round

    immatics biotechnologies GmbH (Tuebingen, Germany) raised EUR 22 million ($30 million) in the final tranche of a series D round, bringing the total raised in the round to EUR 34 million ($46.3 million). The cancer …

    Published on 7/16/2014
  • FINANCIAL NEWS: Medigene raises EUR 15.9 million

    Medigene AG (Xetra:MDG) raised EUR 15.9 million ($21.7 million) in an offering comprising EUR 15.1 million ($20.5 million) through the sale of 3 million shares at EUR 5 and EUR 818,658 ($1.1 million) in zero-coupon …

    Published on 7/16/2014
  • FINANCIAL NEWS: Ergomed up slightly in debut

    CRO Ergomed Clinical Research Ltd. (LSE:ERGO) gained 2.50p to 162.50p on its first day of trading Tuesday. On July 9, the company raised L11 million ($18.7 million) through the sale of 6.9 million shares at 160p in its …

    Published on 7/15/2014
  • FINANCIAL NEWS: Innocoll, Bio Blast set IPO ranges

    Innocoll GmbH (Athlone, Ireland) and Bio Blast Pharma Ltd. (Tel Aviv, Israel) both set ranges for proposed IPOs on NASDAQ. Innocoll plans to sell 5.4 million ADSs at $13-$15. At the $14 midpoint, Innocoll would raise $…

    Published on 7/15/2014
  • FINANCIAL NEWS: J&J's 2Q14 earnings top Street

    Johnson & Johnson (NYSE:JNJ) reported 2Q14 financial results that beat the Street and posted double-digit growth in worldwide pharmaceutical sales. Global pharma sales for the quarter rose 21% to $8.5 billion from $7 …

    Published on 7/15/2014

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