Active Equities: BioCryst, Dr. Pepper, Owens Corning, iPass, Cimarex Feb. 15th
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX): BioCryst Pharmaceuticals announced favorable preclinical results for BCX5191, a novel adenine nucleoside analog targeting viral RNA polymerase for the potential treatment of hepatitis C. BioCryst has successfully completed in vitro and in vivo studies in which BCX5191 exhibited potent and selective pan-genotypic antiviral activity against the hepatitis C polymerase enzyme. BCX5191 showed no inhibition of human RNA polymerase and no evidence of toxicity from standard in vitro screens. Shares of BioCryst Pharmaceuticals, Inc. are trading 9.26% higher today.
Dr Pepper Snapple Group Inc. (NYSE:DPS): The company expects full year reported net sales growth near the low end of its long-term 3% to 5% range. Packaging and ingredient costs are expected to increase COGS between 2% and 3%, on a constant volume/mix basis. The company expects its tax rate to be approximately 37%. The company expects capital spending to be approximately 4.0% of net sales. Shares of Dr Pepper Snapple Group Inc. are trading 2.12% higher today.
Owens Corning (NYSE:OC): The company is taking actions in its Composites segment to balance supply, to enable its assets in Europe to operate at a sustainable competitive cost position, and to leverage low-cost assets by year-end 2012. In conjunction with these actions, the company anticipates incurring approximately $130M in charges in 2012 through early 2013, of which approximately half represent cash expenditures. Shares of Owens Corning are trading 3.6% lower today.
iPass Inc. (NASDAQ:IPAS): iPass (NASDAQ:IPAS) announced that China Telecom has joined the iPass Open Mobile Exchange, or iPass OMX, the largest global Wi-Fi exchange community, to provide international Wi-Fi roaming services through iPass for China Telecom subscribers. China Telecom customers travelling internationally will have access to the world’s largest commercial Wi-Fi network. Shares of iPass Inc. are trading 12.64% higher today.
Cimarex Energy Co. (NYSE:XEC): Sees 2012 Gulf Coast volumes average 35-40 Mmcfe/D. Sees 2012 Mid-Continent, Permian production volumes up 19%-25%. Sees 2012 Mid-Continent, Permian production averaging between 580-610 Mmcfe/D. Shares of Cimarex Energy Co. are trading 10.05% higher today.
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