On Friday, Shares of ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), subtract -6.03% and closed at $23.67 in the last trading session. The last trading range of the stock ranges between $23.58 and $25.79. ACADIA Pharmaceuticals Inc. (ACAD), a biopharmaceutical company focused on the development and commercialization of innovative medicines that address unmet medical needs in central nervous system (CNS) disorders, has been awarded the California Life Sciences Association’s 2016 Pantheon DiNA Award for Outstanding Therapeutic Product for NUPLAZID™ (pimavanserin), the first and only drug approved by the U.S. Food and Drug Administration for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis.
The California Life Sciences Association’s (CLSA) DiNA Pantheon Awards recognize achievements and honor excellence in the life sciences sector in California. The Outstanding Therapeutic Product award is given to the most promising or noteworthynew life sciences product approved in the 12 months preceding selection. The selection is made by a panel of life sciences industry leaders, journalists and CLSA board members. This year’s winners will be honored at the 2016 Pantheon Awards ceremony on December 2 at the Westin St. Francis in San Francisco.
Suncor Energy Inc. (USA)(NYSE:SU), dropped -0.14% and closed at $28.43 in the last trading session. The last trading range of the stock ranges between $24.43 and $28.93. The company’s Market capitalization is $47.29 Billion with the total outstanding Shares of 1.66 billion. Suncor Energy UK Limited (“Suncor”) recently declared it has closed the formerly declared purchase of a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited.
All necessary regulatory approvals have been received and as per the agreement, Suncor has made an initial payment of US$50 million to OMV (U.K.) Limited.
In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to take part, Suncor could pay additional consideration to OMV (U.K.) Limited of up to US$165 million, subject to adjustments according to the terms of the agreement.
The Rosebank project, located about 80 miles (130 kilometres) northwest of the Shetland Islands is considered one of the best and leading remaining undeveloped resources in the U.K. North Sea. The project is expected to be complementary to Suncor’s existing UK portfolio. Joint Venture parties include operator Chevron North Sea Limited (40 per cent), Suncor (30 per cent), OMV (U.K.) Limited (20 per cent) and DONG E&P (U.K.) Limited (10 per cent).
Caterpillar Inc. (NYSE:CAT), gained 0.80% and closed at $87.67 in the last trading session. The last trading range of the stock ranges between $87.56 and $88.42. The company’s Market capitalization is $51.63 Billion with the total outstanding Shares of 584.23 million. During the 52-week trading session the minimum price at which share price traded, registered at $56.36 and reached to max level of $89.87. Heavy equipment maker Caterpillar Inc (CAT.N) said Chairman and Chief Executive Officer Doug Oberhelman will retire, effective March 31.
The company named Jim Umpleby, group president for energy and transportation, as the new CEO.SOURCE REUTER