BioTime Wins Grant

BioTime Wins Grant

BioTime said Monday it has been awarded a new grant for 2017 of up to ILS7.2 million ($2 million) from the Israel Innovation Authority (IIA) for the continued development of OpRegen, which is being studied for the treatment of the dry form of age-related macular degeneration (AMD). OpRegen is currently in a phase 1/2a dose-optimization clinical study, which in July received authorization from the data safety monitoring board to move […]

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Johnson Outdoors Profit More Than Doubles in Q3

Johnson Outdoors Profit More Than Doubles in Q3

Johnson Outdoors reported Friday record-high earnings for fiscal Q3, driven by a favorable product mix and sales volume related operating efficiencies. Diluted earnings rose to a $1.65 from $0.68, exceeding the $1.03 estimate from two analysts polled by Capital IQ. Revenues rose year-over-year to $155.3 million from $139.3 million and exceeded the $149.3 million consensus. “Overall, we are well-positioned to end the year strong with solid momentum heading into the […]

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Tempur Sealy Q2 EPS Beats Views on Shy Revenues

Tempur Sealy Q2 EPS Beats Views on Shy Revenues

Tempur Sealy International on Thursday posted Q2 EPS of $0.45, down from $0.92 a year earlier, but still beating analysts’ estimate of $0.42 in a Capital IQ poll. Revenues fell to $659.3 million in the quarter from $804.4 million a year ago, just shy of the $661.7 million estimate. “We are pleased with our sales and EBITDA performance, despite the loss of our largest customer,” the company said. “While worldwide […]

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Quanta Services Completes Acquisition of Stronghold

Quanta Services Completes Acquisition of Stronghold

Quanta Services said Friday that it has completed the acquisition of Stronghold, Ltd. and Stronghold Specialty, Ltd., a specialized services company that provides high pressure and critical path solutions to the downstream and midstream energy markets. Stronghold’s operations will be reflected in Quanta’s Oil and Gas Infrastructure services segment. The transaction consideration consists of an upfront payment of $450 million, comprised of $360 million of cash and 2.7 million shares […]

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Hercules Capital Acquires JumpStart Games

Hercules Capital Acquires JumpStart Games

Hercules Capital, a specialty finance company, said it has acquired JumpStart Games from China-based NetDragon Websoft Holdings. Hercules said it committed $14.6 million in venture debt financing to JumpStart in March 2014. As of March 31, the JumpStart investment was on non-accrual status with a value of $3.1 million. Hercules is scheduled to receive quarterly interest payments through June 30 and will have the potential to receive principal repayment of […]

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