Month: July 2020

Agreement provides AMAG with $30 million upfront payment and eligibility to receive up to $260 million in development and commercial milestones in addition to sales royalties  Collaboration further advances the development of ciraparantagWALTHAM, Mass. and AMSTERDAM, The Netherlands, July 23, 2020 (GLOBE NEWSWIRE) — AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) and Norgine B.V., a leading European specialist pharmaceutical company, today announced they have entered into an exclusive licensing agreement to develop and commercialize ciraparantag in Europe, Australia and New Zealand. Ciraparantag is in development for use in patients treated with direct oral anticoagulants (DOACs) and low molecular weight heparin (LMWH) when reversal of the anticoagulant effect of these products is needed for emergency surgery, urgent procedures or due...

– Strong gross profit margin of 30.4%– EPS of $1.24, non-GAAP EPS of $1.36– Generated cash flow from operations of $475.7 million– Declared quarterly dividend of $0.625 per shareLOS ANGELES, July 23, 2020 (GLOBE NEWSWIRE) — Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the second quarter ended June 30, 2020 (in millions, except tons which are in thousands and per share amounts).Management Commentary“The strength and resiliency of our business model produced solid results during an extraordinary and extremely challenging quarter. Because we support many customers deemed essential businesses, our tons sold declined only 17.5% compared to the first quarter of 2020,” said Jim Hoffman, President and Chief Executive Officer of Reliance. “We maintained a strong gross profit...

VANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) — Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF) (“Nanotech” or the “Company”), a leader in the development of secure and memorable nano-optic security features used in the government and banknote and brand protection markets, announces the expansion of its Thurso production facility.Nanotech has invested over $1.5 million in the expansion of its 28,000 sq. ft. highly secure production facility, with improvements to increase production capacity and expand overall capabilities. As part of the expansion, Nanotech has built an ISO 7 level clean room for advanced equipment and is adding UV recombination capabilities, as well as a proprietary silver spray system and a new water-based de-metallization machine.The expansion also includes upgrades to utilities and modifications...

HERSHEY, Pa., July 23, 2020 (GLOBE NEWSWIRE) — The Hershey Company (NYSE: HSY) today announced net sales and earnings for the second quarter ended June 28, 2020.Second-Quarter 2020 Financial Results Summary1Consolidated net sales of $1,707.3 million, a decrease of 3.4%.Organic, constant currency net sales decreased 3.5%.The net impact of acquisitions and divestitures on net sales was a 0.8 point benefit, while foreign currency exchange was a 0.7 point headwind.Reported net income of $268.9 million, or $1.29 per share-diluted, a decrease of 12.8%.Adjusted earnings per share-diluted of $1.31, flat versus the same period a year ago.1 All comparisons for the second quarter of 2020 are with respect to the second quarter ended June 30, 2019“We delivered profitable sales growth in North America in the second quarter despite the increased...

BERWYN, Pa., July 23, 2020 (GLOBE NEWSWIRE) — Annovis Bio Inc. (NYSE American: ANVS), a clinical-stage drug platform company addressing Alzheimer’s disease (AD), Parkinson’s disease (PD) and other neurodegenerative diseases, today announced its CEO, Maria Maccecchini, Ph.D., will appear on the Executive Leaders Radio program, airing nationally on Radio America (www.radioamerica.org) on July 26, 2020 at 11 a.m. ET.Executive Leaders Radio is the leading business weekly radio show in the Mid-Atlantic States and broadcast nationally on over 125 terrestrial and internet radio stations. Executive Leaders Radio conducts “elite interviews” of prominent CEOs, CFOs, and Presidents focusing on “what makes people tick.” The program airing on July 26 features CEOs of life sciences companies and explores the connections...

HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) — Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today announced that it will release its second quarter 2020 results on Monday, August 10th, 2020 before the market opens. The Company has scheduled a conference call for Monday, August 10th, 2020 at 10 a.m. Central Time to discuss the results. The call will be broadcast live over the Internet. Investors may participate either by phone or audio webcast.About Exterran CorporationExterran Corporation (NYSE: EXTN) is a global systems and process company offering solutions in the oil, gas, water and power markets. We are a provider of natural gas processing and treatment and compression products and services, providing critical midstream infrastructure solutions to customers throughout the world. Exterran Corporation is headquartered...