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The stock closed Wednesday at $8.24 but rallied 10% in the after-hours trading session as the BioCryst news hit the tape. I guess someone hasn't been paying ...
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UAL shares (UAUA) are down 7% to $8.55.
The company plans to offer, subject to market and other conditions, 19 million shares of its common stock in an underwritten registered public offering. In connection with this offering, the UAL intends to grant the underwriters an over-allotment option with respect to an additional 2.85 million shares of its common stock.
UAUA also plans to offer, subject to market and other conditions, $175 million aggregate principal amount of convertible senior notes due 2029 in a concurrent underwritten registered public offering. In connection with this offering, the company intends to grant the underwriters an over-allotment option with respect to an additional $26.25 million aggregate principal amount of convertible senior notes.
Douglas A. McIntyre
J&J (JNJ) is up a tick to $61.16Â and should open higher on news that it had prevailed in a patent dispute with Boston Scientific (BSX).
The value of the settlement involving 16 stent patents is $716 million
Douglas A. McIntyre
BSD Medical (BSDM) is up 16% to $3.35 on news that the University of California, San Francisco Medical Center (UCSF) has acquired a BSD-500 Hyperthermia System (BSD-500). UCSF is a world leader in hyperthermia and has the largest and most versatile hyperthermia program on the West Coast, and its world-renowned Radiation Oncology team has added the capabilities of the BSD-500 to its growing hyperthermia cancer treatment program.
Douglas A. McIntyre