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Bayer said Friday that the United States Food and Drug Administration has approved Lampit or nifurtimox for use in pediatric patients --from birth to less than 18 years of age and weighing at least 2.5 kg-- for the treatment of Chagas disease caused by Trypanosoma cruzi. Lampit is not approved in...

Heidelberger Druckmaschinen AG (HBGRF.PK) said it will pay back the remaining amount of 150 million euros on the existing high-yield bond, which has a term to maturity until 2022. The repayment on September 9, 2020 will take place by means of a publicly announced optional early redemption with a redemption...

Flowers Foods Inc. (FLO) said that it has revised its long-term outlook. It expects earnings per share growth of 7% to 9%, including M&A, share repurchases. It is expected that EBITDA growth to be 4% to 6%, excluding M&A. The company anticipates sales growth of 1% to 2%, excluding M&A. Ryals McMullian,...

New Jersey Resources (NJR) reported a wider loss for the third quarter, reflecting a sharp decline in revenues. Further, the company reaffirmed its Net Financial Earnings outlook for fiscal 2020. The company's third-quarter net financial loss was $5.8 million or $0.06 per share compared to a loss...

Biogen (BIIB) and Eisai, Co., Ltd. announced that the U.S. FDA has accepted the Biologics License Application for aducanumab, an investigational treatment for Alzheimer's disease. The application has been granted Priority Review, with a PDUFA action date on March 7, 2021. Biogen did not use its Priority...

E.W. Scripps Co. (SSP) reported that its second-quarter net loss widened to $22.04 million or $0.27 per share from $366 thousand or $0.01 per share in the prior year. Loss from continuing operations was $17.5 million or $0.22 per share, compared to income from continuing operations of $5.8 million...

TETRA Technologies, Inc. (TTI) said, as one of TETRA's offshore completion fluids customers had filed for reorganization under Chapter 11, the company recorded bad debt expense of approximately $2.8 million in the three and six months ended June 30, 2020. TETRA recorded this charge in the general and...

Swiss luxury goods group Compagnie Financiere Richemont AG (CFRUY.PK) Friday announced shareholder loyalty scheme, under which tradable warrants will be issued to shareholders. This will allow them either to trade the warrant or, subject to the terms and conditions of the warrants, acquire new Richemont...

Northwest Natural Holding Company (NWN) reported a second quarter net loss per share of $0.17 from continuing operations, compared to profit of $0.07 per share, last year, reflecting the financial effects of COVID-19 and the reversal of an environmental reserve in 2019. On average, seven analysts polled...

Biotechnology company Novavax, Inc. (NVAX) and Japan's Takeda Pharmaceutical Co. Ltd. (TAK) announced Friday a partnership for the development, manufacturing and commercialization of Novavax' COVID-19 vaccine candidate NVX-CoV2373 in Japan. NVX-CoV2373 is a stable, prefusion protein made using Novavax'...

While reporting financial results for the second quarter on Friday, automotive supplier Magna International Inc. (MG.TO, MGA) re-instated its sales outlook for the full-year 2020, after it had withdrawn the outlook in late March, due to the high degree of business uncertainty caused by COVID-19. For...

Swiss federal Government announced Friday that it has signed an agreement with US biotech firm Moderna Therapeutics (MRNA) for the procurement of 4.5 million vaccine doses against coronavirus. The federal government is also in talks with other vaccine companies. In pre-market activity on Nasdaq, Moderna...

ValueAct, a California-based activist investor, has sold its full stake in Rolls-Royce Holdings plc (RYCEF.PK, RR.L, RYCEY.PK), the Financial Times reported. The activist was the UK aero engine maker's biggest shareholder. The decision comes as Rolls-Royce plans raising 1.5 billion pounds to 2 billion...

Mitsubishi Estate Co., Ltd. (MITEY.PK) reported that its first quarter profit to owners of parent increased 10.8 percent year-on-year to 29.26 billion yen. Earnings per share was 21.86 yen compared to 19.06 yen. Operating income was 54.23 billion yen, an increase of 15.7 percent from previous year. First...

Healthcare company Syncona Limited (SYNC.L) announced Friday that its portfolio company Freeline Therapeutics Holdings plc has priced its initial public offering in the United States, aiming for total gross proceeds of approximately $158.8 million or 120.8 million pounds. Freeline has priced around...

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