NeoGenomics Sees Q3 Revenue Lagging Street View

NeoGenomics Sees Q3 Revenue Lagging Street View

NeoGenomics Inc. (NEO) late Thursday issued preliminary Q3 results, with the cancer diagnostics company tonight saying it expects to report about $63.1 million in revenue for the three months ended Sept. 30, trailing the analyst consensus expecting around $65.9 million in quarterly sales. Looking forward to the current quarter, the company also is projecting revenue in a range of $65 million to $67 million. Analysts polled by Capital IQ, on […]

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Auris Medical Says Lincoln Park Capital Fund Will Subscribe For up to $15 Mln in Shares

Auris Medical Says Lincoln Park Capital Fund Will Subscribe For up to $15 Mln in Shares

Auris Medical (EARS), a a Swiss biopharmaceutical company, said Wednesday it has executed two share purchase agreements for up to $15 million with Lincoln Park Capital Fund. Under the deal, Auris may require the Chicago-based institutional investor to subscribe for up to $13.5 million of its common shares at market prices. Share subscriptions may take place over a 30-month period after the registration statement is declared effective by the SEC. […]

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AnaptysBio’s Price Target Nearly Doubled by RBC, Rating Kept at Outperform Speculative Risk

AnaptysBio’s Price Target Nearly Doubled by RBC, Rating Kept at Outperform Speculative Risk

AnaptysBio (ANAB) received a big boost to its price target from RBC Capital Markets after the clinical-stage biotechnology on Tuesday released encouraging proof-of-concept data from its phase 2a clinical trial of a treatment for atopic dermatitis, ANB020. The new price target from RBC is $79 per share, nearly double the firm’s prior price target on the stock of $40. This comes after the stock surged 101% in Tuesday’s session to […]

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TransCanada Cancels Two Pipeline Projects Amid Regulatory Scrutiny

TransCanada Cancels Two Pipeline Projects Amid Regulatory Scrutiny

Pipeline operator TransCanada (TRP) will take C$1 billion ($790 million) charge in the fourth quarter after terminating plans for two pipelines in eastern Canada. The Canadian company said in a release it will end the planned Energy East and Eastern Mainline projects after a careful review of what it termed changed circumstances. Further details weren’t given. “In light of the project’s inability to reach a regulatory decision, no recoveries of […]

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Bond Prices Spin Lower as Data Improves

Bond Prices Spin Lower as Data Improves

U.S. Treasury prices reversed lower Thursday following a run of data capped by a rise in factory orders, better jobless claims and a narrowed trade deficit. Prices were pressured further with the five-year hit hardest in slowing volumes as Federal Reserve speakers continued to opine that further rate increases appear appropriate and express concerns over inflation. The market is expected to be kept in a relatively tight leash ahead of […]

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