Can Abbott Laboratories(NYSE:ABT), Ariad Pharmaceuticals, Inc.(NASDAQ:ARIA), and Ampio Pharmaceuticals Inc(NYSEMKT:AMPE) Advance In The Pharmaceutical Industry?
New York, NY – GDP INSIDER – 10/14/2014.
This article discusses three pharmaceutical companies: Abbott Laboratories(NYSE:ABT), Ariad Pharmaceuticals, Inc.(NASDAQ:ARIA), and Ampio Pharmaceuticals Inc(NYSEMKT:AMPE)
Abbott Laboratories(NYSE:ABT) announced on Oct. 10th that the company had entered a new partnership with the World Marathon Majors, through which Abbott will become the first title sponsor of the race. The marathon series, which is comprised of the Tokyo, Boston, Virgin Money London, BMW Berlin, Bank of America Chicago, and TCS New York City Marathon, will be renamed the Abbott World Marathon Majors for the 2015 race season. Abbott hopes the partnership will help the company achieve its core mission of improving lives through the power of health.
On Oct. 10th, Ariad Pharmaceuticals, Inc.(NASDAQ:ARIA) announced that the PRAC of the European Medicines Agency had recommended that Inclusig be used in Europe according to the previously approved indications. The product was, and will continue to be, approved for the treatment of adult patients with various forms of leukemia. Additionally, ARIAD announced that it had restructured its licensing agreement for ARIAD’s cell-signaling technology, which will result in ARIAD receiving an additional $50 million.
Ampio Pharmaceuticals Inc(NYSEMKT:AMPE) currently has a bid price of $3.24 x 2,000 and an offer price of $4.15 x 100, figures which indicate the company’s value may be highly liquid. The company also traded for as little as the bid price yesterday, a new 52 week low for the company. The Colorado-based development stage biopharmaceutical company develops therapies for inflammatory conditions in the United States. The webcast of the company’s Sept. 20th shareholder meeting will be available until Oct. 20th, 2014.
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