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Stock Market & Financial Investment News

News Breaks
April 28, 2014
10:56 EDTNRF, NKTR, PQ, DBD, HMSYHigh option volume stocks: HMSY PQ NRF DBD NKTR
News For HMSY;PQ;NRF;DBD;NKTR From The Last 14 Days
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September 1, 2015
08:33 EDTNKTRNektar receives $40M milestone payment from first commercial sale of Moventig
Nektar (NKTR) announced that it has received a $40M cash payment under a license agreement with AstraZeneca (AZN). The payment was triggered by the first commercial sale of MOVENTIG (naloxegol) in Germany. MOVENTIG is the first once-daily, oral peripherally-acting mu-opioid receptor antagonist (PAMORA) medication approved in the European Union for the treatment of opioid-induced constipation (OIC) in adult patients who have had an inadequate response to laxatives. MOVENTIG is marketed in the U.S. by AstraZeneca as MOVANTIK and is the first once-daily oral PAMORA medication indicated for the treatment of OIC in adult patients with chronic, non-cancer pain. MOVENTIG/MOVANTIK is part of the exclusive worldwide license agreement announced on September 21, 2009 between AstraZeneca and Nektar Therapeutics. Under the terms of the agreement, in addition to the $40 million milestone payment announced today, Nektar received a $100 million milestone payment upon first commercial sale of MOVANTIK in the U.S. in March of 2015. Nektar is also entitled to royalties on worldwide net product sales and up to $375 million in sales milestones. The royalty rate in the U.S. starts at 20% and escalates. The royalty rate in Europe and the rest of the world starts at 18% and escalates. Under the agreement, AstraZeneca is responsible for all sales and marketing activities for MOVANTIK worldwide.
07:33 EDTHMSYHMS begins work on third party liability contract in Florida
HMS, a subsidiary of HMS Holdings Corp., announced that it has commenced work as the prime contractor for the Florida Agency for Health Care Administration to provide coordination of benefits services for the State's Medicaid population. Under this new contract, awarded in June pursuant to a competitive bid process, HMS will provide the following services: Medicare and other third party payer recovery, cost avoidance, the health insurance premium payment program, casualty recovery, estate recovery, trust and annuity recovery, and other cost containment services. The five-year contract runs through August 2020 and includes an extension option of up to five additional years. AHCA is the fifth largest state Medicaid program in the U.S., as measured by total spend. Over the past 13 years, HMS's partnership with AHCA has generated approximately $1.2B in cash recoveries and an additional $11B in savings to the agency.
August 25, 2015
08:33 EDTHMSYHMS Holdings TPL win with New York a big positive, says William Blair
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07:34 EDTHMSYHMS awarded Medicaid TPL cost containment contract by OHCA
HMS announced that it has been awarded a competitively bid contract by the Oklahoma Health Care Authority, or OHCA, to provide cost containment services for the SoonerCare program. Under provisions of the contract, HMS is scheduled to provide coordination of benefits to maximize cost savings from third party collections for the State's 825,000 SoonerCare members. The contract, including the base year and renewal options, extends through June 30, 2021.
August 24, 2015
16:23 EDTHMSYOn The Fly: Top stock stories for Monday
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11:26 EDTHMSYHMS Holdings awarded NY Medicaid Third Party Liability Match and Recovery pact
In a regulatory filing, HMS Holdings disclosed that it received a notice from the New York State Office of the Medicaid Inspector General, or OMIG, that it has selected the company's wholly owned subsidiary Health Management Systems for award of the Medicaid Third Party Liability Match and Recovery Services contract. "OMIG advised HMS that it had determined that HMS is the provider of the best value solution for solicitation number OMIG 15-01," the company stated. The award is contingent upon the successful execution of a contract. Based on the solicitation, the proposed contract is expected to be for a term of five years, commencing January 7, 2016 through January 6, 2021, with an option to extend the term for two additional one-year periods.
11:25 EDTHMSYHMS Holdings jumps 15%, halted for circuit breaker after NY contract award
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11:24 EDTHMSYHMS Holdings awarded Medicaid contract from New York OMIG
August 23, 2015
13:48 EDTHMSYReservations loom for HMS Holdings, Barron's says
As reported in an August 10 filing, HMS Holdings could see "material negative impact" if the Centers for Medicare and Medicaid Services wins its request for $28.6M from the company, though HMS "could pay less or more," Barron's contends in a 'Trader Extra' column. The publication also argues that price competition from competitors such as Public Consulting Group is "troubling," adding that the stock could drop -- or rise -- depending on the renewal of New York's Medicaid contract, which is currently held by HMS. Reference Link
August 18, 2015
07:29 EDTPQEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link

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