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The European Medicines Agency has accepted a marketing authorization application for lecanemab (Brand Name in the U.S.: LEQEMBI), an investigational anti-amyloid beta (Aß) protofibril antibody, for the treatment of early Alzheimer's disease with confirmed amyloid pathology, for review following a standard...

Abbott Laboratories, Inc. (ABT) announced Thursday that the U.S. Food and Drug Administration (FDA) has approved its Proclaim XR spinal cord stimulation (SCS) system to treat painful diabetic peripheral neuropathy (DPN), a debilitating complication of diabetes. The Proclaim XR SCS system can provide...

Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that fourth quarter net income available to common shareholders surged to $189.51 million or $2.91 per share from $99.35 million or $1.54 per share in the prior-year quarter. On average, 14 analysts polled by Thomson Reuters...

Merck Animal Health, a division of Merck & Co., Inc. (MRK), announced the U.S. Food and Drug Administration's approval of an expanded indication for BRAVECTO Chews for Dogs. . The new indication treats and controls Asian longhorned ticks. Holger Lehmann, vice president, Pharmaceutical Research and...

United Bankshares, Inc. (UBSI) reported net income for the fourth quarter of $99.8 million, or $0.74 per share, compared to $73.9 million, or $0.56 per share, last year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.78, for the quarter. Analysts'...

Bank holding company Webster Financial Corp. (WBS) on Thursday reported that fourth quarter net income available to common shareholders was $240.59 million or $1.38 per share, compared to $109.07 million or $1.20 per share in the prior-year quarter. Excluding merger-related expenses, adjusted earnings...

Jacobs Solutions Inc. (J), a professional services provider, Thursday announced that Claudia Jaramillo will succeed Kevin Berryman as Executive Vice President and Chief Financial Officer, effective August 14. At that time, Berryman, who has been Jacobs' CFO for the last eight years, will serve as...

Cognizant (CTSH) announced a 10-year services agreement valued at approximately $1 billion with CoreLogic, a global property information, analytics and data-enabled solutions provider. The new agreement features: expansion of Cognizant's services and anticipated value for CoreLogic; significant commitment...

Syros Pharmaceuticals Inc. (SYRS) said that the U.S. Food and Drug Administration has granted Fast Track Designation to tamibarotene for the treatment of higher-risk myelodysplastic syndrome (HR-MDS). In Thursday pre-market trade, SYRS was trading at $4.61 up $0.17 or 3.82%. Tamibarotene, an oral...

Blackstone Inc. (BX), an alternative asset manager, reported Thursday that its fourth-quarter net income attributable to the company was $557.85 million, down from last year's $1.40 billion. Earnings per share were $0.75, compared to $1.92 last year. Fee Related earnings per share were $0.88, down...

Applied Industrial Technologies, Inc. (AIT) Thursday announced a surge in second-quarter earnings compared to the prior year, supported by 20.9 percent organic growth in higher sales. On a per-share basis, earnings beat estimates. Further, the company raised its fiscal 2023 guidance and declared a quarterly...

While reporting financial results for the fourth quarter on Thursday, Northrop Grumman Corp. (NOC) initiated its adjusted earnings and sales guidance for the full year 2023. For fiscal 2023, the company now projects transaction-adjusted earnings in a range of $21.85 to $22.45 per share on sales between...

KONE Corp. (KNYJF.PK) reported that its fourth quarter net income declined to 276.3 million euros from 278.1 million euros, previous year. Basic earnings per share was 0.53 euros, flat with prior year. Adjusted EBIT was 365.0 million euros, up 1.6%. Sales grew by 5.2% to 2.91 billion euros. At comparable...

Chemical major Dow Inc. (DOW) announced Thursday various restructuring acions, including workforce reduction of around 2,000 roles, as part of its stated plan to achieve $1 billion in cost savings in 2023. The company plans to record a charge of $550 million to $725 million in the first quarter for...

Japanese automajor Toyota Motor Corp. (TMC) announced Thursday that Akio Toyoda will be appointed as the new Chairman of the Board of Directors and Koji Sato as the new president, and Chief Executive Officer. Sato will also be appointed as the member of its Board. Further, Takeshi Uchiyamada will...

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