AstraZeneca PLC (NYSE:AZN) [Trend Analysis] climbed reacts as active mover, shares an raise 0.43% to traded at $33.00 and the percentage gap among open changing to regular change was 0.00%. British biopharmaceutical firm AstraZeneca plc. (AZN) released that MedImmune, its global biologics research and development arm, has entered into a licensing contract with Allergan plc (AGN) for the global rights to MEDI2070.
Under the accord terms, Allergan will make an upfront payment to AstraZeneca of $250 million for the exclusive, worldwide licence to develop and commercialise MEDI2070. In addition, Allergan may make potential additional payments to AstraZeneca of up to $1.27 billion. This depends on the achievement of agreed upon success-based development and sales-related milestones, and pay tiered royalties on potential sales of the medicine.
The firm’s current ratio calculated as 0.90 for the most recent quarter. The firm past twelve months price to sales ratio was 3.45 and price to cash ratio remained 17.89. As far as the returns are concern, the return on equity was recorded as 13.90% and return on investment was 11.50% while its return on asset stayed at 3.70%. The firm has total debt to equity ratio measured as 1.30.
TE Connectivity Ltd. (NYSE:TEL) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -1.23% to close at $63.59 with the total traded volume of 1.17 Million shares. Technology firm, TE Connectivity Ltd. (TEL) released that its BOD has designated Terrence Curtin to succeed Tom Lynch as the firm’s chief executive officer, effective March 9, 2017. Upon transition, Lynch will continue as Executive Chairman of the Board. Curtin was designated president of TE Connectivity in March 2015 and elected to the Bodin March 2016.
In his role as president, Curtin has accountability for all of the firm’s connectivity and sensor businesses, as well as mergers and acquisition activities. He had also served as president of TE’s Industrial Solutions section, and as executive vice president and chief financial officer of TE and led the financial aspects of the firm’s separation from Tyco International. Previous to TE, Curtin was the vice president and controller of the Electronics section of Tyco International from 2001 to 2006. The firm has institutional ownership of 95.00%, while insider ownership included 0.10%. Its price to sales ratio ended at 1.91. TEL attains analyst recommendation of 2.20 with week performance of 0.16%.