On Wednesday, Shares of Immune Pharmaceuticals Inc (NASDAQ:IMNP), subtract -4.90% and closed at $0.190 in the last trading session. The last trading range of the stock ranges between $0.18 and $0.20. Immune Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, develops and commercializes novel targeted therapeutics in the immuno-inflammation and immuno-oncology areas. The companys lead product candidate is Bertilimumab, a human monoclonal antibody, which is in Phase II clinical trial for the treatment of ulcerative colitis, bullous pemphigoid, and Crohn’s disease. It is also developing NanoCyclo, a topical nanocapsule formulation of cyclosporine, for the treatment of psoriasis and atopic dermatitis; Ceplene, a small molecule, which has accomplished Phase III clinical trials targeting the Histamine-2 Receptor to overcome immunosuppression in Acute Myeloid Leukemia and other malignancies; Azixa, a Phase II clinical trial novel microtubular destabilizer that functions as a vascular disruption agent; and Crolibulin, a novel small molecule vascular disruption agent and apoptosis inducer, which is in Phase II clinical trials for the treatment of patients with solid tumors.
Telefonica S.A. (ADR)(NYSE:TEF), dropped -1.50% and closed at $8.54 in the last trading session. The last trading range of the stock ranges between $8.48 and $8.58. The company’s Market capitalization is $41.94 Billion with the total Outstanding Shares of 4.89 Billion. Viacom Inc (VIAB.O), the owner of Comedy Central, Nickelodeon and MTV, said on Tuesday it had bought Argentine broadcaster Television Federal SA (Telefe) from telecom carrier Telefonica SA (TEF.MC) for $345 million in cash.
The deal to buy the Spanish-language network and content producer is part of Viacom’s plan to boost its presence in Argentina and Latin America.
Viacom said the brands and assets attained with the purchase included Telefe Internacional, a pay TV channel seen throughout the Americas.
Viacom International Media Networks (VIMN) has been a bright spot for the company, which has been struggling with declining ad revenue and ratings.
Bob Bakish, who headed Viacom’s international business, was named the company’s interim chief executive on Oct. 31, replacing Tom Dooley.
Viacom launched MTV in Argentina in 1993. The company has 12 pay-TV networks, counting Nickelodeon, Nick Jr., Comedy Central, Paramount Channel and VH1, in the country.
Telefe reaches 95 percent of all households in Argentina, with about 26.8 million subscribers. The broadcaster will be led by Pierluigi Gazzolo, president of VIMN Americas.
The deal, which is subject to regulatory approval, is expected to add to Viacom’s fiscal 2017 earnings.Source Reuter