News Buzz: PacWest Bancorp (NASDAQ:PACW), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA)

On Monday, Shares of PacWest Bancorp (NASDAQ:PACW), added 2.72% and closed at $50.22 in the last trading session. The last trading range of the stock ranges between $48.75 and $51.78. Cidara Therapeutics, Inc. (CDTX), a biotechnology company developing novel anti-infectives and immunotherapies to treat fungal and other infections, and Square 1 Bank, a division of Pacific Western Bank, declared they have reached a contract for a $20 million credit facility. Proceeds from the facility will provide working capital to support Cidara’s CD101 and CD201 programs which are in development to treat serious fungal and multi-drug resistant bacterial infections.

“The additional capital made available by this credit facility will provide Cidara with financial flexibility, additional operating capital, and funding to advance the development activities of our pipeline of drug candidates,” said Jeff Stein, Ph.D., president and CEO of Cidara. “We appreciate the support of Square 1, and its confidence in our programs and the Cidara administration team.”

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), jumped 0.64% and closed at $240.41 in the last trading session. The last trading range of the stock ranges between $239.31 and $244.51. The company’s Market capitalization is $15.14 Billion with the total Outstanding Shares of 62.37 million. Ulta Salon, Cosmetics & Fragrance, Inc. operates as a specialty retailer in the United States. Its stores provide cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools. The company also offers cosmetics, which includes products for the face, eyes, cheeks, lips, nails, and brushes; haircare products, such as shampoos, conditioners, styling products, and hair accessories and brushes; and salon styling tools comprising hair dryers, curling irons, and flat irons. In addition, it provides skincare, and bath and body products consisting of products for face, hands, and body; fragrances; nail polish and nail care products; and men’s skincare, haircare, and fragrance products. Further, the company offers private label products consisting of Ulta branded cosmetics, skincare, bath and body products, and haircare products; and other health and beauty products. As of January 30, 2016, it operated 874 retail stores in 48 states.

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