Tag: Yahoo Finance

Do Hedge Funds Love East West Bancorp, Inc. (EWBC)?

Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]...

UPDATE 1-FDA approves Vertex Pharma's combo treatment for cystic fibrosis

The U.S. Food and Drug Administration said on Monday it had approved Vertex Pharmaceuticals Inc's three-drug combination for cystic fibrosis (CF), a rare genetic condition. The approval comes months ahead of the FDA's previously announced action date in March, sending the drugmaker's shares up 4.1% at $183.53 in late afternoon trading, before being halted for news pending. The treatment, Trikafta, is a combination of three drugs that target a defective protein responsible for the life-threatening disease that causes the build up of thick mucus in body parts such as the lungs and digestive tract....

UPDATE 2-Vertex prices cystic fibrosis combo treatment at $311,000/yr

Vertex Pharmaceuticals Inc has priced its three-drug combination for cystic fibrosis (CF) at $311,503 per year, after winning early U.S. approval on Monday. The U.S. Food and Drug Administration approval, which comes five months ahead of the agency's previously announced action date, greatly expands the percentage of cystic fibrosis patients that Vertex can treat. The drugmaker boosted its guidance range for CF products sales to between $3.70 billion and $3.75 billion, from $3.60 billion to $3.70 billion....

San Jose to propose turning PG&E into giant customer-owned utility – WSJ

San Jose, California's third-biggest city, is proposing to convert PG&E Corp into the country's largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city's mayor. Mayor Sam Liccardo said in an interview to the WSJ the city served by PG&E hopes to persuade other cities and counties in coming weeks to line up behind the plan. The plan is to strip PG&E of its status as an investor-owned company and turn it into a nonprofit, electric-and-gas cooperative, the report https://on.wsj.com/2JaJWJg added....