Novartis Secures Positive EU Committee Opinion on Rydapt

Novartis Secures Positive EU Committee Opinion on Rydapt

Swiss drug maker Novartis AG said Friday morning that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion and recommended approval of Rydapt for treating adults with newly-diagnosed acute myeloid leukemia who are FLT3 mutation-positive. If approved by the European Commission, the oral, multi-targeted inhibitor of multiple kinases would represent the first targeted treatment for newly diagnosed FLT-3 mutated AML in the EU. […]

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Town Sports Buys 16 Fitness Club Locations

Town Sports Buys 16 Fitness Club Locations

Town Sports International Holdings, an owner and operator of fitness clubs, said Friday it has entered into an agreement to acquire Lucille Roberts Health Clubs businesses. Terms of the transaction were not disclosed. The acquisition will add 16 clubs to the company’s portfolio in the Northeast and Mid-Atlantic regions of the country. The acquired locations will continue to operate under the Lucille Roberts Brand. The transaction is subject to certain […]

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NVIDIA Shares Higher

NVIDIA Shares Higher

NVIDIA gained nearly 3% after Needham & Co raised its price target to $200 from $130 and kept its buy rating on the shares. Needham reportedly believes the company’s Xavier platform, an A.I.-based supercomputer, will likely be at the center of Toyota’s (TM) self-driving efforts and could generate an additional $1.7 billion in revenue over the next two years. Separately, Jefferies raised its price target on Nvidia to $180 from […]

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Fortinet Selected to Provide WiFi Access to Mumbai Citizens

Fortinet Selected to Provide WiFi Access to Mumbai Citizens

Fortinet shares were up 1% Monday after the company said it has been selected by Maharashtra Information Technology Corp to provide wireless internet access in Mumbai, India. Financial terms weren’t disclosed. Fortinet’s access points provide WiFi Internet access for the public in Mumbai and are deployed in more than 500 locations across the city for the Mumbai WiFi project. In the first phase of the Mumbai WiFi project, the Maharashtra […]

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Financial Stocks Gain

Financial Stocks Gain

Financial stocks pared some of their prior gains but continue to outpace other sectors this afternoon, with the NYSE Financial Sector Index over 0.6% while financial companies in the S&P 500 Index are adding more than 0.7% in value. In company news, ACRE Realty Investors (AIII) fell to a record low on Tuesday, dropping almost 28% to a worst-ever 80 cents a share after today deciding to dissolve and liquidate […]

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