Company Overview and News
(Sept 21): Philippine shares jumped on Friday after a report that China would cut import tariffs for most of its trading partners, sidelining wider trade war worries, while Singapore shares hit their highest in over two weeks.
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Some of them have grown wealthier despite slower domestic economic growth, higher inflation and the recent stock market downturn.
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The peso dropped anew to its lowest level in almost 13 years as investors fled to dollar assets, spooked by the country’s record high inflation for August and aggravated by a broad emerging markets selldown around the world.
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A month after implementing its biggest rate hike in a decade to fight rising prices, the central bank on Wednesday reverted to its stance of highlighting the role of “food supply shocks”—factors it says are beyond its control—in pushing the August inflation rate to a nine-year high of 6.4 percent.
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A month after implementing its largest rate hike in a decade to fight rising prices, the central bank on Wednesday reverted to its stance of highlighting the role of “food supply shocks” — factors it says are beyond its control — in pushing the August inflation rate to a nine-year high of 6.4 percent.
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The local stock barometer gained on Tuesday as local investors made up for sluggish foreign investor appetite.
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The benchmark Philippine Stock Exchange index closed in positive territory Thursday even as regional equities saw mixed results on lingering trade tensions between the United States and China.
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Security Bank Corp. (SBC), one of the country’s leading banks, has set up a $1-billion medium-term note (MTN) facility, gaining leeway to raise fresh funds for expansion as needed in the future.
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The country’s largest lender BDO Unibank has opened a P2-billion credit facility for the real estate business of young tycoon Michael Cosiquien, cofounder of Megawide Construction Corp., who is now building his own business empire.
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2018-09-18 - Asif
Overview Rigel Pharmaceuticals is a biotechnology company dedicated to discovering, developing and providing novel small molecule drugs that significantly improve the lives of patients with immune and hematologic disorders, cancer and rare diseases. The company's pioneering research focuses on signaling pathways that are critical to disease mechanisms. The company's first FDA-approved product is TAVALISSE™ (fostamatinib disodium hexahydrate), an oral spleen tyrosine kinase (SYK) inhibitor, for the treatment of adult patients with chronic immune thrombocytopenia who have had an insufficient response to a previous treatment. The company's current clinical programs include Phase 2 studies of fostamatinib in autoimmune hemolytic anemia and IgA nephropathy, and a Phase 1 study for its IRAK program. In addition, Rigel Pharmaceuticals has product candidates in development with partners BerGenBio AS, Daiichi Sankyo, and Aclaris Therapeutics. Since inception, Rigel Pharmaceuticals h...
2018-09-18 - Asif
Overview The company design, develop and sell exoskeleton technology to augment human strength, endurance and mobility. The company's exoskeleton technology serves multiple markets and can be used both by able-bodied users as well as by persons with physical disabilities. Ekso Bionics has sold, rented or leased devices that (a) enable individuals with neurological conditions affecting gait (stroke and spinal cord injury) to rehabilitate and to walk again and (b) allow industrial workers to perform heavy duty work for extended periods. Today, its medical exoskeleton, Ekso GT, is used as a rehabilitation tool to allow physicians and therapists to rehabilitate patients who have suffered a stroke or spinal cord injury. With its unique features designed specifically for hospitals and its proprietary SmartAssist software, Ekso GT allows for the early mobilization of patients, with high step count and high dosage treatments. The intent is to allow the patient’s central nervous syst...
2018-09-18 - Asif
Overview Agile Therapeutics is a forward-thinking women’s healthcare company dedicated to fulfilling the unmet health needs of today’s women. Twirla® and its other current potential product candidates are designed to provide women with contraceptive options that offer greater convenience and facilitate compliance. The company's lead product candidate, Twirla, also known as AG200-15, is a once-weekly prescription contraceptive patch that is at the end of Phase 3 clinical development. Since its inception in 1997, Agile Therapeutics has devoted substantial resources to developing Twirla, building its intellectual property portfolio, business planning, raising capital and providing general and administrative support for these operations. The company incurred research and development expenses of $14.4 million, $20.9 million and $25.6 million during the years ended December 31, 2017, 2016 and 2015, respectively. The company incurred research and development expenses of $2.4 milli...