Five Prime Therapeutics to Discuss Antibody Cancer Therapy at November Conference

Five Prime Therapeutics to Discuss Antibody Cancer Therapy at November Conference

Five Prime Therapeutics Inc. (FPRX), an early-stage specialty drugmaker, tonight said it will be a late selection to address an upcoming industry conference, with the company discussing initial data from Phase Ia/Ib testing of a combination of its CSF-1R and cabiralizumab antibodies with Bristol-Myers Squibb’s Opdivo PD-1 immune checkpoint inhibitor as a potential treatment in patients advanced solid tumors. The oral presentation is slated for Saturday, Nov. 11, at the […]

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Energy Stocks Retreating Today After Crude Oil Slips Under $50 Per Barrel Again

Energy Stocks Retreating Today After Crude Oil Slips Under $50 Per Barrel Again

Energy stocks were lower in recent trading, with the NYSE Energy Sector Index falling just more than 0.4% this afternoon while shares of energy companies in the S&P 500 were down more than 0.2% as a group. Crude oil for November delivery was down 46 cents at $49.96 per barrel despite a somewhat bullish inventory report this morning by the Energy Information Agency that found U.S. oil inventories declined 6 […]

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XOMA Signs Licensing Deals for its Proprietary Phage Display Libraries for Antibody Discovery – Shares Rise

XOMA Signs Licensing Deals for its Proprietary Phage Display Libraries for Antibody Discovery – Shares Rise

Shares of XOMA Corp. (XOM) climbed more than 1.5% intraday after the company said it signed new non-exclusive licensing agreements with three companies – Tizona Therapeutics, Torch Biosciences, and LakePharma – for the use of its proprietary phage display libraries for antibody discovery. “Increasing our universe of licensees to XOMA’s hallmark proprietary phage display libraries is one of our key strategic initiatives in 2017,” CEO Jim Neal said. Phage display […]

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US Services Sector Index Surges to Highest Level in 12 Years

US Services Sector Index Surges to Highest Level in 12 Years

The US services sector continued to grow in September with the ISM Non-Manufacturing Composite index topping analysts’ expectations to hit the highest level since August 2005. The measure came in at 59.8 for last month against the anticipated 55.5. The August reading was 55.3. The Employment Index increased 56.8 from the August measure of 56.2, though there were regional impacts from recent hurricanes, according to ISM. Weather impacts are also […]

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Santander Consumer USA Holdings CEO Resigns

Santander Consumer USA Holdings CEO Resigns

Santander Consumer USA Holdings said its CEO Jason Kulas has resigned, effective Aug. 27. Scott Powell will succeed Jason Kulas as CEO, effective immediately. Powell is CEO of Santander Holdings USA and Santander Group’s United States country head. He will continue to serve in those roles. Kulas resigned to pursue other opportunities, the company said. Powell has served as CEO of Santander Holdings USA since 2015. Prior to joining Santander, […]

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