Published On: Thu, Jun 30th, 2016

Intentions Seekers on News: Xencor, Inc. (NASDAQ:XNCR), Roche (RHHBY), Oracle Corporation (NYSE:ORCL)

Xencor, Inc. (NASDAQ:XNCR) [Trend Analysis] shares price surged 11.78% to close at $18.51.Xencor (XNCR) reported that it has inked a alliance and license contract with Novartis to develop and commercialize novel therapeutics, comprising XmAb14045 predictable to start clinical development for acute myeloid leukemia in 2016; and XmAb13676 also predictable to start clinical development for B-cell malignancies in 2016.

Under the terms of the contract, the parties will collaborate and share development costs for the worldwide development of XmAb14045 and XmAb13676, with Xencor maintaining U.S. commercialization rights and Novartis having commercialization rights in the rest of the world. Novartis will receive worldwide rights to Xencor’s bispecific technology to develop and commercialize four additional targets selected by Novartis (NVS), one of which Xencor may elect to co-detail in the U.S. The bispecific alliance will include molecular engineering by Xencor. Additionally, Novartis will receive a worldwide non-exclusive license to use Xencor’s XmAb Fc technologies in up to ten molecules. Its return of equity was recorded -11.00% and its return on investment was calculated -11.30%. Its 50-Day moving average was 38.55% and 200-Day moving average was 40.87%.

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Shares of Roche Holding Ltd. (ADR) (OTCMKTS:RHHBY) [Trend Analysis] rose 2.16% in last session after it attained FDA priority review for Genentech’s OCREVUS. Genentech, a member of the Roche Group reported recently that the FDA agreed for review the firm’s Biologics License Application for OCREVUS for the treatment of relapsing multiple sclerosis RMS and primary progressive multiple sclerosis, and granted the application priority Review Designation with a targeted action date of December 28, 2016.

The OCREVUS Marketing Authorization Application has also been authenticated by the European Medicines Agency. If agreed by the FDA and EMA for both indications, OCREVUS would be the first and only treatment indicated for both forms of MS, which affect 95% of people at diagnosis. In February 2016, the FDA granted Breakthrough Therapy Designation to OCREVUS for the treatment of PPMS. OCREVUS is the first examinational medicine to receive Breakthrough Therapy Designation in MS.

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Oracle Corporation (NYSE:ORCL) [Trend Analysis] finished at $40.55 with shares surged 3.63%. Oracle (ORCL) prices $14 billion aggregate principal amount of investment grade notes. The firm priced sale of $4,250,000,000 of 1.900% Notes due 2021, $2,500,000,000 of 2.400% Notes due 2023, $3,000,000,000 of 2.650% Notes due 2026, $1,250,000,000 of 3.850% Notes due 2036 and $3,000,000,000 of 4.000% Notes due 2046.

The 2021 Notes will bear interest at the rate of 1.900% per year, the 2023 Notes will bear interest at the rate of 2.400% per year, the 2026 Notes will bear interest at the rate of 2.650% per year, the 2036 Notes will bear interest at the rate of 3.850% per year and the 2046 Notes will bear interest at the rate of 4.000% per year. Interest will be payable semi-yearlyly on March 15 and September 15 for each of the 2021 Notes and the 2023 Notes, commencing March 15, 2017, and payable semi-yearlyly on January 15 and July 15 for the 2026 Notes, the 2036 Notes and the 2046 Notes, commencing January 15, 2017. A look on the firm performance, its weekly performance was 1.35%, monthly performance was 0.87%. The stock price is moving up from its 20 days moving average with 3.28% and isolated positively from 50 days moving average with 2.16%.

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