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Bristol-Myers Squibb Co. (BMY) and Eisai Co., Ltd. have reached a strategic collaboration agreement for the co-development and co-commercialization of MORAb-202, an antibody drug conjugate or ADC. As per the financial terms of the deal, Bristol Myers Squibb will pay $650 million to Eisai including...

Cyteir Therapeutics Inc. (CYT) said that it has priced its initial public offering of 7.40 million shares of its common stock at price of $18.00 per share. In addition, Cyteir has granted the underwriters a 30-day option to purchase up to an additional 1.11 million shares of common stock at the initial...

Ford agreed to acquire Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. Terms are not being disclosed. Electriphi's team and services will be integrated into Ford Pro, Ford said in a statement. The acquisition is part of Ford's plan...

Rio Tinto (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said it has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane or RTFT metallurgical complex in Sorel-Tracy, Quebec. The $6 million project, in which the Government of Quebec...

HUTCHMED (China) Limited (HCM, HCM.L) said that it has launched its Hong Kong Initial public offering, which forms part of the global offering of 104.00 million new ordinary shares and the proposed primary listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited. The...

CAI International Inc. (CAI) agreed to be taken private by Mitsubishi HC Capital for $56.00 per share in cash, which represents a total equity value of about $1.1 billion. The deal consists of $104 million of preferred stock and $986 million of common stock equity value, assuming a fully-diluted share...

Pilgrim's Pride Corp. (PPC) Thursday said it has agreed to buy Kerry Consumer Foods' meats and meals business in the United Kingdom and Ireland. The acquisition, which was unanimously approved by Pilgrim's Board of Directors, values the acquired businesses at a 680 million pounds or about $952 million...

Texas Governor Greg Abbott recently signed into law a new legislation that slightly widens the state's restrictive medical marijuana program to make marijuana easily available to additional patients. House Bill 153, which was signed into law last week, will start being effective from September 1. The...

Firearm maker Smith & Wesson Brands Inc. (SWBI) Thursday reported fourth-quarter profit of $89.2 million or $1.70 per share, compared with net loss of $66.1 million or $1.20 per share last year. Adjusted profit was $89.6 million or $1.71 per share, compared with $27.5 million or $0.50 per share last...

United States Steel Corp. (X) Thursday said it expects its second-quarter adjusted profit to be about $880 million or $3.08 per share, above analysts' current estimates, driven by higher steel prices and strong demand for flat-rolled steel. Analysts polled by Thomson Reuters currently expect earnings...

Software giant Adobe Systems Inc. (ADBE), Thursday reported a profit and revenues for the second quarter that easily trumped Wall Street estimates. Moving ahead, the company also issued a strong outlook for the third quarter. San Jose, California-based Adobe's second-quarter profit rose to $1.12 billion...

Mortgage rates, or interest rates on home loans, continues to decline, according to mortgage provider Freddie Mac (FMCC.OB). Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 2.93 percent for the week ending June 17,...

Shares of InMed Pharmaceuticals Inc. (INM) are gaining over 5% on Thursday morning after the clinical-stage company developing cannabinoid-based pharmaceutical drug candidates announced that its continued optimization of IntegraSyn has increased the cannabinoid yield to a level of 5 g/L. INM is currently...

Shares of Midatech Pharma plc (MTP) are currently gaining over 40% on Thursday morning after the company announced a breakthrough in vitro data utilizing Q-Sphera technology and progress across multiple other programs. MTP is currently trading at $2.92, up $0.88 or 43.14%, on the Nasdaq. The stock...

Exfo Inc. (EXFO, EXF.TO) said that its board clarified the situation for shareholders and other stakeholders about the unsolicited non-binding proposal made by Viavi Solutions Inc. Exfo founder and majority shareholder Germain Lamonde indicated to EXFO's Board that he would not consider any alternative...

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