Vanda Pharmaceuticals Receives Unsolicited, Non-binding $8.00/share Cash Offer From Cycle Group
(RTTNews) - Biopharmaceutical company Vanda Pharmaceuticals Inc. (VNDA) confirmed Thursday that it has received an unsolicited, non-binding indication of interest from Cycle Group Holdings Ltd. to acquire the Company for $8.00 per share in cash.
The company said the Board of Directors will carefully review and evaluate the indication of interest, in consultation with its independent financial and legal advisors, to determine the course of action that the Board believes is in the best interests of Vanda and its shareholders.
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Vanda Pharma Says Phase II Study Of VQW-765 To Treat Anxiety Showed Lower Stress Levels
Vanda Pharmaceuticals Inc. (VNDA) reported on Friday results in a Phase II clinical study of VQW-765, a novel small molecule alpha 7 nicotinic acetylcholine receptor (a7-nAChR) partial agonist, in the treatment of acute performance anxiety in social situations, such as public speaking.
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706 days ago
Higher Open Called For Hong Kong Stock Market
The Hong Kong stock market rebounded on Thursday, one day after halting the three-day winning streak in which it had surged almost 700 points or 3.4 percent. The Hang Seng Index now sits just above the 20,950-point plateau and it's got a positive lead again for Friday's trade.
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5h 12min ago
China Stock Market Tipped To Open In The Green
The China stock market found renewed support on Thursday, one day after ending the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just above the 3,470-point plateau although it's expected to open higher again on Friday.
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5h 27min ago
Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has moved higher in four straight sessions, gathering more than 625 points or 2.8 percent along the way. The Taiwan Stock Exchange now rests just above the 23,400-point plateau and it may add to its winnings on Friday.
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5h 57min ago
Singapore Stock Market May Add To Its Winnings On Friday
The Singapore stock market has moved higher in four straight sessions, gathering almost 120 points or 3.3 percent along the way. The Straits Times Index now sits just above the 3,670-point plateau and it's tipped to open in the green again on Friday.
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6h 27min ago
Japan Household Spending Slips 1.1% On Year In September
The average of household spending in Japan was down 1.1 percent on year in September, the Ministry of Economy, Trade and Industry said on Friday - coming in at 287,963 yen.
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6h 41min ago
Renewed Support Anticipated For Malaysia Stock Market
The Malaysia stock market on Thursday wrote a finish to the four-day winning streak in which it had advanced more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,625-point plateau although it's expected to bounce higher again on Friday.
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6h 57min ago
Tech Shares Likely To Boost South Korea Shares
The South Korea stock market on Thursday ended the two-day slide in which it had slumped more than 25 points or 1 percent. The KOSPI now sits just above the 2,560-point plateau and it may pick up steam on Friday.
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7h 27min ago
