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…
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…
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…
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…
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…
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…
