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Infinity Pharmaceuticals Up 9%

Infinity Pharmaceuticals is up almost 9% after the company said it presented preclinical data for IPI-549, an oral immuno-oncology development candidate that selectively inhibits phosphoinositide-3-kinase-gamma (PI3K-gamma), that showed IPI-549 is able to help overcome resistance to checkpoint inhibition. IPI-549 remodels the immune-suppressive tumor microenvironment primarily through its effects on myeloidRead More

IHS Markit Tops Estimates

IHS Markit, an information and analytics provider, reported Q4 adjusted EPS of $0.48, up from $0.44 in the same period a year ago and topping the estimate of $0.46 from analysts polled by CapIQ. Total revenues in the quarter ended Nov. 30 were $873.8 million, up from $555.7 million inRead More

European ADRs Edge Higher

American depository receipts of European stocks were 0.3% higher at 123.10 on the Bank of New York Mellon Europe ADR Index on Friday morning. Gainers in Continental Europe were led by Forward Pharma (FWP), a clinical-stage biopharmaceutical company, 5.2% higher, followed by voxelJet (VJET), a German three-dimensional printer manufacturer, upRead More

Genie Energy Starts Drilling Services Company in Israel

Genie Energy, operator of multiline utilities, said it is establishing Atid Drilling Ltd., (Atid), an on-shore drilling services venture based in Israel. Atid will pursue drilling opportunities for clients in a variety of fields including oil and gas exploration, water resource development and mineral exploration. Atid has executed a bindingRead More

Incyte Shares Hit New 13-Month High

Shares of Incyte Corp. rose to a new 13-month high on Monday after the company and Merck (MRK) said they will advance a program that will investigate the combination of Incyte’s epacadostat with Merck’s Keytruda. The companies said they plan to start studies evaluating the combination for non-small cell lungRead More

Alexco Resource Expands Mineral Resource Estimate

Alexco Resource, a mining company that provides consulting, remediation solutions and project management services, said Monday that it now estimates that mineral resource for the Bermingham deposit, located within the Keno Hill Silver District in Canada’s Yukon Territory to be 17.3 million ounces of contained silver, expanded from the previousRead More