Day: April 19, 2020

– PaTH Forward Trial met key objectives and showed that TransCon PTH eliminated standard of care in 82 percent of subjects within four weeks –– Conference call today at 6 p.m. Eastern Time to review data –COPENHAGEN, Denmark, April 19, 2020 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq: ASND), a biopharmaceutical company that utilizes its innovative TransCon technologies to address unmet medical needs, today announced positive top-line results from the four-week fixed dose, blinded portion of PaTH Forward, a global phase 2 trial evaluating the safety, tolerability and efficacy of TransCon PTH in adult subjects with hypoparathyroidism (HP).TransCon PTH is an investigational long-acting prodrug of parathyroid hormone (PTH) in development as a once-daily replacement therapy for adult hypoparathyroidism designed to replace PTH at physiologic...

Kvika has signed an agreement to sell all its shares in Korta hf. to the UK based fintech company Rapyd. Other shareholders of Korta are also parties to the agreement. The sale is subject to the approval of the Financial Supervision of the Central Bank of Iceland.The purchase price will be paid in cash. Part of the payment is based on Korta’s operations this year and the full price will, thus, not be known until early next year. Kvika currently estimates that the purchase price for the bank’s shares will be equivalent to its book value at the end of last year and will therefore not have an impact on this year’s earnings.Marinó Örn Tryggvason, Kvika’s CEO: “It is a pleasure to announce the sale of Korta which Kvika, along with a group of investors, refinanced in the year 2017 after a shock Korta suffered due to the...

Kvika hefur undirritað samning um sölu á öllum eignarhlut sínum í Korta hf. til breska fjártæknifélagsins Rapyd. Aðrir hluthafar Korta eru einnig aðilar að samningnum. Samningurinn er gerður með fyrirvara um samþykki Fjármálaeftirlits Seðlabanka Íslands.Kaupverðið greiðist með reiðufé. Hluti kaupverðs tekur mið af rekstri Korta á þessu ári og því liggur ekki fyrir hvert endanlegt kaupverð verður fyrr en í upphafi næsta árs. Núverandi mat bankans á kaupverði fyrir eignarhlut bankans í Korta er að það verði í samræmi við bókfært virði hlutarins um sl. áramót og hafi því ekki áhrif á afkomu bankans á þessu rekstrarári.Marinó Örn Tryggvason, forstjóri Kviku: „Það er gaman að geta tilkynnt um sölu Korta hf. sem bankinn, ásamt hópi fjárfesta, endurfjármagnaði árið 2017 í kjölfar reiðarslags sem félagið varð fyrir vegna gjaldþrots Monarch flugfélagsins....

CBs are convertible at HK$1.215 per share, or approx. 5.6% of GOME shareholdingPDD will bring GOME’s entire product range onto the e-commerce platform and help with its digitization strategySHANGHAI, China, April 19, 2020 (GLOBE NEWSWIRE) — Pinduoduo Inc. (“PDD”, or the “Company) (NASDAQ: PDD),  an innovative and fast growing technology platform and one of the leading Chinese e-commerce players, today announced it will subscribe to US$200 million in convertible bonds (“CBs”) issued by household appliance and electronics retailer GOME Retail Holdings Limited (“GOME”) (HKEX stock code: 493.HK) as part of a strategic partnership to bring more value-for-money merchandise to the Company’s 585.2 million users.“This strategic partnership is a win-win-win,” said Mr. David Liu, Vice President of Strategy at PDD. “Consumers win because they...

 Impacts of the COVID-19 crisis: Q1 2020 revenue down by -7.9% on a reported basisVery strong growth in e-commerce, in all countries, during the lockdown periodImplementation of a €500 million Term Loan facility guaranteed by the French State to secure cash flow and prepare activities recoveryQ1 2020 revenue of €1,490 million, down -7.9% on a reported basis and -10.3% on a like-for-like basisClosure of almost all of the Group’s physical stores from mid-March onwards, leading to a drop in Group sales of around 30% in MarchGrowth of cumulative revenue in January/February of +2.8% on a reported basis and stable on a like-for-like basis, in a consumer environment marked by continuing strikes in France and a shorter promotional sales periodExcellent operational execution on digital platforms that allow the Group to absorb a doubling...

Impacts de la crise COVID-19 :  chiffre d’affaires du premier trimestre en recul de-7,9% en données publiéesTrès forte croissance du e-commerce, sur tous les pays, pendant la période de confinementMise en place d’un Prêt Garanti par l’Etat de 500M€ pour sécuriser la trésorerie et préparer la reprise des activitésChiffre d’affaires de 1 490 millions d’euros au premier trimestre, en baisse de -7,9% en données publiées, et de -10,3% en données comparables Fermeture de la quasi-totalité du parc magasins physiques du Groupe à partir de mi-mars, entraînant une baisse des ventes du Groupe, en mars, d’environ 30% Croissance des ventes cumulées de janvier/février de +2,8% en données publiées et stable en données comparables, dans un contexte de consommation marqué par la poursuite des grèves en France, et un raccourcissement de la période des...

The United State of America stock market started anew positively this Tuesday morning because of the positive headlines concerning coronavirus which help boost investors’ confidence that the pandemic is almost over. Three major stocks lead gains such as Dow Jones Industrial Average pointed to an opening rally of about 700 points or about 3%, while S&P 500 and Nasdaq futures pointed to opening gains of 2.5% and 2.3%, respectively. However just before the closing of the trading day, tech and staples rolled over and pushed the Dow negatively breaking an almost 900-point gain from the morning hours. The Dow finished 0.1%, or 26 points, lower. At its highest point, the index had been up 937 points. The S&P 500 closed down 0.2% while Nasdaq Composite finished 0.3% lower. As for commodities, Oil prices are also down this Tuesday, April...

Monday noon, the U.S. market close its trading day with positive treats all over stocks charts. One of the most notable stocks is The Dow Jones Industrial which closes its session up by 7.7% to 22,679.99. The S&P 500 Index increased 7% to 2,663.68 while Nasdaq Composite Index increased 7.3% to 7,913.24. MSCI All-Country World Index increased 5.5% to 448.84. For Bonds, the yield on 10-year Treasuries has climbed eight basis points up to 0.67% while the yield on the two-year treasuries has gained up to four basis points to 0.26%. As for commodities, Gold rose by 2.8% to 1,665.97 per ounce highest for the last four weeks of positive outcome. However, for oil price it’s not that productive because it loss few percentage from last Fridays’ price. West Texas Intermediate (WTI) crude loss by -7.97% to $26.08 per barrel, while international...

Implementation of a €500 million Term Loan facility guaranteed by the French State to secure cash flow and prepare activities recoveryFnac Darty announces the signature of a €500 million credit agreement, guaranteed by the French State, with a pool of French banks.This loan, which is part of a Term Loan facility guaranteed by the French State (“Prêt Garanti par l’Etat”), was implemented in the context of the Covid-19 crisis and is intended to secure the Group’s liquidity and prepare for the recovery of Fnac Darty’s activities.This loan will be guaranteed up to 70% by the French State and will have a maturity of 1 year, with a 5-year extension option (April 2026). This new financing enables Fnac Darty to benefit from the support of leading French banking institutions in a context of an unprecedented crisis.The Group...

Mise en place d’un Prêt Garanti par l’Etat de 500M€ pour sécuriser la trésorerie et préparer la reprise des activitésFnac Darty annonce la signature d’un contrat de crédit d’un montant de 500 millions d’euros, garanti par l’état, avec un pool de banques françaises.Réalisé dans le cadre d’un Prêt Garanti par l’Etat (« PGE »), dans le contexte de crise Covid-19, cet emprunt sera destiné à sécuriser la liquidité du Groupe et à préparer la reprise des activités de Fnac Darty.Ce prêt sera garanti à hauteur de 70% par l’Etat Français, aura une maturité de 1 an, avec option d’extension jusqu’à 5 années additionnelles (avril 2026). Ce nouveau financement permet à Fnac Darty de bénéficier du soutien des institutions bancaires françaises de premier plan, dans un contexte de crise sans précédent.Le Groupe dispose déjà d’une structure de financement...