On Tuesday, Shares of Teva Pharmaceutical Industries Ltd (ADR)(NYSE:TEVA), subtract -1.07% and closed at $44.56 in the last trading session. The last trading range of the stock ranges between $44.23 and $45.14. The company’s Market capitalization is $45.72 Billion with the total Outstanding Shares of 1.01 billion. During the 52-week trading session the minimum price at which share price traded, registered at $44.23 and reached to max level of $66.55. Teva Pharmaceutical Industries Ltd. (NYSE and TASE:TEVA), Celltrion, Inc. and Celltrion Healthcare recently declare that the companies have reached an exclusive partnership to commercialize two of Celltrion’s mAb biosimilar candidates in the U.S. and Canada. CT-P10 is a projected mAb biosimilar to Rituxan® (rituximab), which is used to treat patients with Non-Hodgkin’s Lymphoma (NHL), Chronic Lymphocytic Leukemia (CLL), Rheumatoid Arthritis (RA), Wegener’s Granulomatosis and Microscopic Polyangiitis (MPA). CT-P6 is a projected mAb biosimilar to Herceptin® (trastuzumab), which is used for the treatment of HER2-overexpressing breast cancer and for the treatment of HER2-overexpressing metastatic gastric or gastroesophageal junction adenocarcinoma. Combined annual net sales for Rituxan and Herceptin are about $6.5 billion in the U.S. and Canada.
“This commercial partnership with Celltrion facilitates Teva to expand into the forthcoming wave of biosimilars and build on its strong position in the biosimilar space,” said Siggi Olafsson, President & CEO of Global Generic Medicines, Teva Pharmaceuticals. “The introduction of two additional mAb biosimilar candidates into our near-term pipeline bolsters our biosimilar portfolio and continues to leverage Teva’s unique cross-functional capabilities across both specialty and generic medicines. We look forward to our partnership with Celltrion with its expertise in mAb biosimilar development and manufacturing.”
WhiteWave Foods Co (NYSE:WWAV), dropped -0.22% and closed at $53.55 in the last trading session. The last trading range of the stock ranges between $53.30 and $53.80. During the 52-week trading session the minimum price at which share price traded, registered at $31.40 and reached to max level of $56.82. The WhiteWave Foods Company (WWAV) (“WhiteWave”), a leading consumer packaged food and beverage company in North America and Europe, declared that during a special stockholder meeting recently the stockholders of the company approved the merger agreement under which Danone S.A. (“Danone”) will acquire all of the outstanding shares of WhiteWave. Stockholders also approved other proposals regardingthe merger.
Holders of about 99 percent of shares present and voting at the meeting, representing about 78 percent of WhiteWave’s total outstanding shares, voted in favor of a proposal to approve the merger agreement. The final vote results will be stated in a Form 8-K that WhiteWave will file with the Securities and Exchange Commission.
“Recently’s vote brings us one step closer to combining two strong, values-based, purpose-driven companies. We are grateful for the continued enthusiasm and support of the transaction by our stockholders,” said Gregg Engles, WhiteWave’s Chairman and Chief Executive Officer. “We believe that WhiteWave’s mission to change the way the world eats for the better dovetails nicely with Danone’s mission to bring health through food to as many people as possible. Danone is the ideal planned partner to support our future and we remain excited about the opportunities this combination will create for WhiteWave’s employees, customers, vendors and partners.”
On the otherhand Silicon Graphics International Corp (NASDAQ:SGI), remained flat and closed at $7.70 in the last trading session. The last trading range of the stock ranges between $7.68 and $7.71. The company’s Market capitalization is $280.83 million with the total Outstanding Shares of 36.52 million. During the 52-week trading session the minimum price at which share price traded, registered at $4.02 and reached to max level of $7.79. Recently, SGI (SGI), a global leader in high-performance solutions for compute, data analytics and data administration, declared that enterprises can now leverage the Intel-based SGI UV 300H server in a multi-node cluster (scale out) to run SAP® Business Warehouse (SAP BW) on SAP HANA® or new SAP BW/4HANA. Unique to SGI, the cluster nodes can later be reconfigured as single-node systems with 1 to 32TB of shared memory (scale up) to run SAP S/4HANA® and other real-time applications. SGI also declared that deployments of the SGI UV 300H as a single-node system provide in total over 800 Terabytes of in-memory computing capacity to organizations running the SAP HANA platform. These declarements reflect SGI`s broadening leadership in high-performance data analytics and continuing innovation to achieve greater insight and gain competitive advantage with SAP HANA.
SGI UV 300H is now SAP-certified under general availability in a clustered scale-out configuration to run SAP BW on SAP HANA or SAP BW/4HANA, using four to sixteen 8-socket nodes and up to 56 Terabytes of in-memory computing capacity. When business lines wish to move to real-time analytics utilizing SAP Business Suite on SAP HANA, SAP Bank Analyzer, SAP S/4HANA Finance, or other SAP S/4HANA applications, the clustered systems can be fully repurposed to form single-node systems with 4 to 32 sockets. By avoiding the need to “rip and replace” multi-node clusters when single-node systems are required, IT organizations can enjoy considerable cost savings by protecting investments and reduce time to solution.