Merus Closes Global Research Collaboration with Incyte

Merus Closes Global Research Collaboration with Incyte

Merus N.V. said pre-market Tuesday it has closed a global strategic research collaboration with Incyte Corp. (INCY) that will focus on the discovery and development of bispecific antibodies using Merus’ own Biclonics technology platform. Under the terms of the collaboration, Merus will receive an upfront payment of $120 million from Incyte and Incyte will also acquire 3.2 million MRUS shares at $25 each for a total equity investment of $80 […]

Read More ˃
Asian ADRs Edge Higher

Asian ADRs Edge Higher

American depository receipts of Asian stocks were trading 0.09% higher at 147.93 on the Bank of New York Mellon Asia ADR Index on Monday. In North Asia, the gainers were led by ATA (ATAI), a provider of computer-based testing services in China, and educational services provider Hailiang Education (HLG), which surged 7.7% and 6.3% respectively. They were followed by commercial wheel manufacturer China Zenix Auto International (ZX), up 4.9%, and […]

Read More ˃
Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks closed modestly higher for a second consecutive day, buoyed by a 15-month high in brent crude oil and positive quarterly earnings from the financial sector. Oil raced higher mid-morning on the combination of remarks from the Saudi oil minister regarding production cuts and an unexpected drop in inventory levels. As a result, West Texas intermediate gained 2.25% on the futures market, while brent was up 1.7%. The banking sector […]

Read More ˃
Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks in the US stayed stronger by the close on Wednesday as oil prices gained and stronger earnings reports added lift, although a slide in Intel (INTC) after its financials constrained some of the gains. The Nasdaq, where Intel trades, underperformed the other benchmarks, as the chipmaker ended 5.9% lower. It was also the worst performer among the blue chips on the Dow Jones Industrial Average. American Express (AXP) posted […]

Read More ˃
Exponent Gains After-Hours on Stronger-than-Expected Q3 Results, Boosted Share Buyback Authorization

Exponent Gains After-Hours on Stronger-than-Expected Q3 Results, Boosted Share Buyback Authorization

Exponent (EXPO) advanced in extended trading on Wednesday after the engineering and scientific consulting firm reported stronger-than-expected Q3 results, added to its current share buyback authorization, and maintained its quarterly dividend. EPS decreased to $0.42 in the September quarter, from $0.43 in the year-ago period, beating the $0.34 average estimate of analysts polled by Capital IQ. Q3 revenue declined 2% to $77.6 million year-over-year, but topped the analyst consensus of […]

Read More ˃