Biotech stock market news

Biotech Stocks: Amgen Up Due To Positive Phase III Data

Amgen Inc (AMGN) was up almost 3% on encouraging top-line data from a phase III study on its biosimilar candidate, ABP 501. The randomized, double-blind, active-controlled study compared the safety and efficacy of ABP 501 to AbbVie Inc’s (ABBV) Humira in adults suffering from moderate-to-severe plaque psoriasis. The study met its primary endpoint of Psoriasis Area and Severity Index (PASI) percent improvement from baseline at … Continue reading Biotech Stocks: Amgen Up Due To Positive Phase III Data

Biotech Stock in News: Endo to Buy Auxilium & Diversify Portfolio

Endo International (ENDP) is set to acquire Auxilium Pharmaceuticals, Inc (AUXL) for $2.6 billion ($33.25 per share) in cash as well as stock. The transaction is expected to close by the first half of 2015. The acquisition is expected to be immediately accretive to Endo’s earnings following the closure. Auxilium Pharma grabbed Endo’s offer, which represented a huge premium of 55% over Auxilium Pharma’s Sep … Continue reading Biotech Stock in News: Endo to Buy Auxilium & Diversify Portfolio

Bitcoin News: Are We About To Witness World’s First Bitcoin IPO?

Bitcoin Group has announced it will pursue an initial public offering (IPO) in Australia. If successful, it would be the first bitcoin company to offer its shares to the public in an IPO. The Melbourne-based firm offers a cryptocurrency arbitrage service, but plans to turn mining into its main revenue source if its offering is approved. Bitcoin Group’s chief executive, Sam Lee, said: “We believe … Continue reading Bitcoin News: Are We About To Witness World’s First Bitcoin IPO?

Stock Review: Microsoft (NASDAQ MSFT) Looking At A Brighter Future

The new Microsoft was born in February when Satya Nadella took over the CEO post from Steve Ballmer, and the company’s prospects have been on the rise ever since. Microsoft stock is up 28% in that time, and that trend should continue. That’s quite a reversal from the 14-year Ballmer era, when MSFT stock consistently lagged far behind the overall market. In his brief tenure … Continue reading Stock Review: Microsoft (NASDAQ MSFT) Looking At A Brighter Future

Active Stock: Apple Inc (NASDAQ AAPL) Unveils The New iPad Mini 3

The third member of the iPad mini family has just been named and shown to the public. The device will begin shipping next week, is named the iPad mini 3 and follows the iPad mini and the iPad mini with Retina display. Apple Inc (NASDAQ AAPL) has yet to go into the exacting detail and praise that it lavished on the iPad Air 2 it … Continue reading Active Stock: Apple Inc (NASDAQ AAPL) Unveils The New iPad Mini 3

Stock in News: Google (NASDAQ GOOG) To Launch Ultra Fast Wireless Service

Google Inc (NASDAQ GOOG) wants to expand its fiber optic cable service. The tech giant is now preparing to test out new technology which allows it to provide foundation for wireless high-speed fiber optic cable service. Earlier this week, there was a public but little known application filed with United States Federal Communications Commission. Google asked for permission to conduct tests within the state of … Continue reading Stock in News: Google (NASDAQ GOOG) To Launch Ultra Fast Wireless Service