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Stock Market & Financial Investment News

News For ABT;FII;ABBV From The Last 14 Days
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March 27, 2015
07:07 EDTABBVBiogen, AbbVie say EMA validates MAA for Zinbryta for treatment of MS
Biogen (BIIB) and AbbVie (ABBV) announced that the European Medicines Agency has validated the companies’ Marketing Authorisation Application for ZINBRYTA for the treatment of relapsing forms of multiple sclerosis in the European Union. Validation confirms that the submission is complete and signifies the initiation of the review process by the EMA’s Committee for Medicinal Products for Human Use. The MAA included results from two clinical trials, DECIDE and SELECT, in which ZINBRYTA 150 mg was administered subcutaneously every four weeks in people with relapsing-remitting MS. Biogen and AbbVie are jointly developing ZINBRYTA.
March 23, 2015
09:03 EDTABBVLeerink analysts hold a meeting with a conference call hookup
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09:03 EDTABTFiserv says Abbott employee credit union expands partnership
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07:17 EDTABBVAmerican Academy of Dermatology to hold annual meeting
73rd Annual Meeting of AAD is being held in San Francisco on March 20-24.
March 20, 2015
12:02 EDTFIIFederated Investors to acquire $91M in assets from Touchstone Ohio
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08:31 EDTFIIFederated Investors to acquire $91M in assets from Touchstone Ohio
Federated Investors and Touchstone Advisors have reached a definitive agreement regarding the acquisition by Federated of certain assets relating to Touchstone's management of the Touchstone Ohio Tax-Free Money Market Fund, a series of Touchstone Tax-Free Trust. In connection with the acquisition, approximately $91M in tax-free money market assets will be reorganized from the Touchstone Ohio Tax-Free Money Market Fund into Federated Ohio Municipal Cash Trust, a portfolio with a similar investment objective. Federated Ohio Municipal Cash Trust has approximately $391M in net assets and is a portfolio of the Federated Money Market Obligations Trust, which has approximately $184B in aggregate net assets. With approximately $19B in tax-free, state-specific money market assets under management, Federated offers more tax-free state money market products than any other investment manager. The reorganization is expected to be tax-free and is anticipated to be completed in the second quarter of 2015. Closing of the transaction is subject to shareholder approval and certain other contingencies.
07:41 EDTABBVAmerican Academy of Dermatology to hold annual meeting
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March 19, 2015
08:47 EDTABBVAbbVie and C2N sign worlwide license agreement for Alzheimer's Disease therapy
AbbVie has entered into an exclusive worldwide license agreement with C2N Diagnostics, a privately held protein diagnostic and therapeutic discovery company, to develop and commercialize a portfolio of anti-tau antibodies for the treatment of Alzheimer's Disease and other neurological disorders. Financial terms of the collaboration were not disclosed.
07:56 EDTABBVAbbVie plans $30M expansion at plant in Puerto Rico, AP reports
AbbVie is planning to expand one of its facilities in Barceloneta, Puerto Rico, The Associated Press reports. The $30M expansion is slated for a plant that manufactures products related to immunology, virology and metabolic disorders. Reference Link
March 17, 2015
08:03 EDTABBVAbbVie to present data from 22 HUMIRA abstracts at AAD
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07:55 EDTFIIFederated Investors shares relatively overvalued, says Credit Suisse
Credit Suisse is cautious on Federated Investors and said shares embed an optimistic rate outlook and regulatory outcome. The analyst said a Fed rate increase will increase earnings but fee recovery could be less than expected and new MMF rules could significantly reduce prime MMF AuM. Shares are Underperform rated with a $34 price target.
06:31 EDTABBVStudies find Gilead's hepatitis C drugs cost effective, Reuters says
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March 16, 2015
15:04 EDTABBVPharmacyclics says committee recommends unblinding after primary endpoint met
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09:17 EDTFIIFederated Investors announces exclusive agreement with Reich & Tang
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