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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Pred 706 dňami
Asian Markets Mostly Higher After Fed Rate Cut
Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, after the US Fed delivered the widely expected decision to lower interest rates by a quarter point and signaled no intention to skip cutting rates. The Bank of England also cut interest rates. Asian markets ended mixed on Thursday.
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Pred 5 h 49 min
Sensex, Nifty Seen Tad Higher At Open
Indian shares may open a tad higher on Friday, tracking firm cues from global markets. That said, volatility cannot be ruled out due to concerns about Trump policies and caution ahead of earnings results from prominent companies, including SBI, LIC and Tata Motors.
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Pred 6 h 41 min
Japanese Market Notably Higher
Reversing the losses in the previous session, the Japanese stock market is notably higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,500 level, with gains in index heavyweights and exporter stocks.
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Pred 6 h 56 min
Thai Bourse Tipped To Open To The Upside
The Thai stock market has moved higher in two of tree trading days since the end of the two-day slide in which it had eased just over 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,470-point plateau and it may see additional support on Friday.
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Pred 7 h 13 min
Indonesia Stock Market May Halt Losing Streak
The Indonesia stock market has moved lower in back-to-back sessions, stumbling almost 250 points or 3.3 percent along the way. The Jakarta Composite Index now rests just above the 7,240-point plateau although it may stop the bleeding on Friday.
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Pred 7 h 43 min
Australian Market Significantly Higher
The Australian stock market is significantly higher on Friday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot.
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Pred 7 h 48 min
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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Pred 7 h 58 min
