MannKind Names Stuart A. Tross as Chief People Officer

MannKind Names Stuart A. Tross as Chief People Officer

MannKind rose 4.5% in Wednesday’s afternoon trade after the biopharmaceutical company said it has named Stuart A. Tross, Ph.D. as its chief people officer, with responsibilities for Human Resources, Information Technology and West Coast Facilities. Tross will be reporting to Matthew Pfeffer, chief executive officer, and will serve on MannKind’s executive leadership team. Tross joins MannKind from Amgen (AMGN), where he most recently served as chief human resources officer.

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Revlon Up 3%

Revlon Up 3%

Revlon is up almost 3% after the company said in a Securities and Exchange Commission filing it will eliminate approximately 350 positions worldwide. The cuts are part of its “integration restructuring actions” plan tied to the Elizabeth Arden acquisition. It expects to recognize approximately $65 million to $75 million of total pre-tax restructuring and related charges. It will be paid in cash, with approximately $30 million to $40 million expected […]

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Merck & Company Receives Orphan Drug Status for Keytruda

Merck & Company Receives Orphan Drug Status for Keytruda

Merck & Company has received orphan drug designation for Keytruda as treatment of Merkel cell carcinoma from the U.S. Food and Drug Adminstration, according to the agency’s website. Merkel cell carcinoma is a rare type of skin cancer, usually appearing as a flesh-colored or bluish-red nodule, often on the face, head or neck. It is also called neuroendocrine carcinoma of the skin. Keytruda or pembrolizumab is a cancer drug that […]

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MidEast Shares Mostly End Year on Strong Note

MidEast Shares Mostly End Year on Strong Note

Middle East stocks mostly ended the year stronger, with investors optimistic for 2017 as oil prices rebound from 2016 lows and regional governments stabilize their economies. Egypt ended the year on a high note, still gaining on foreign buying after the government floated its currency on Nov 3. However, buying may ease in the new year as stock valuations have risen sharply, according to Reuters. In company news, Commercial Bank […]

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Stocks Slip in US Intraday

Stocks Slip in US Intraday

The main US equity markets were all in the red on Wednesday afternoon, with broad-based declines on the Standard & Poor’s 500 while nearly all of the blue chips on the Dow Jones Industrial Average were weaker. After getting a slight uptick at the open, the indexes turned lower, with real estate falling about 1% to lead declines among the S&P’s sectors. Materials lost 0.9% while financials, information technology and […]

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