AU Optronics FACING Fine and 4 Hot Stocks Attracting Attention
Oncolytics Biotech, Inc. (NASDAQ:ONCY) has conducted an internal analysis of the blinded combined clinical data for all 80 patients who are currently enrolled in the initial stage of the study. The study continues to be blinded currently, and at the time of the analysis, 23 patients of the 80 had not shown progression yet but were continued to be included for the purposes of analysis. The median evolving progression free survival of the 80 patients was better than previously predicted, as was the ideal response rate. Additionally, it was observed that patients for whom only metastatic disease had been measured by clinicians, responded differently to treatment than the patients who suffered from local regional head and neck disease. Patients in whom only metastatic disease was measured had a median evolving PFS of 120 days, statistically much greater than the patients with a noted local regional head and neck tumor. Shares of Oncolytics Biotech, Inc. are trading 18.44% lower today.
Corning (NYSE:GLW) used today to host a ceremony that is to mark the opening of the Corning Technology Center Berlin, which is located in the Adlershof Science and Technology Park. Corning should have the ability to pursue faster innovation, build upon its commitment to customer collaboration, and engage in a mix of potential industrial, academic, and technology activities via the construction of the technology center in the Park
Mediware Info. Systems (NASDAQ:MEDW) announced it entered into a definitive merger agreement to be acquired by top private equity investment firm Thoma Bravo, LLC in a transaction which has a value of about $195 million. Beneath the agreement’s terms, pending shareholder approval, Mediware shareholders are to gain $22 in cash for each share of Mediware common stock. This is a premium of about 40 percent over the most recent closing price of the company. The transaction is subject to customary closing conditions, which includes requisite regulatory approvals and the approval of Mediware shareholders. The agreement has been unanimously approved by the Mediware board of directors, who continues to recommend that Mediware’s shareholders approve the transaction. The transaction is not subject to a financing condition, and Mediware predicts that the transaction will close prior to Dec. 31, 2012. Thoma Bravo is to acquire 100 percent of Mediware’s outstanding shares at closing. Shares of Mediware Info. Systems are trading 39.11% higher today.
AU Optronics Corp. (NYSE:AUO): The U.S. requested that a federal court to slap a $1 billion fine on Taiwan’s AU Optronics in regards to the repair of prices of liquid crystal display panels, according to court documents, and reports Reuters. Additionally, the government also requested that the court sentence company executives, H.B. Chen and Hui Hsiung, to 10 years in prison along with fines totaling about $1 million, according to the documents. Shares of AU Optronics Corp. are trading 3.04% higher today.
Alpha Natural Resources (NYSE:ANR) has gained 27.99 percent in the past 5 trading days. This is one of various commodity-related stocks to advance in step with rises in oil, natural gas, and metals prices.
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