General Electric Company (NYSE:GE) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.47% to traded at $29.74 and the percentage gap between open changing to regular change was 0.07%. The European Commission said that it had cleared General Electric Co’s$1.65 billion acquisition of Danish rotor blade maker LM Wind Power as the merged entity would continue to face effective competition in Europe. General Electric produces onshore and offshore wind turbines, but only has a relatively small market share, the Commission said in a statement.
LM Wind Power designs and manufactures blades that are sold to General Electric and competitors as a component for the wind turbines. GE would continue to face competition from rivals such as Siemens, Vestas, Nordex and Senvion, who would either make their own blades or find suppliers other than LM Wind Power, the Commission said. The firm past twelve months price to sales ratio was 2.09 and price to cash ratio remained 5.38. As far as the returns are concern, the return on equity was recorded as 9.80% and return on investment was 5.10% while its return on asset stayed at 2.00%. The firm has total debt to equity ratio measured as 1.80.
Nektar Therapeutics (NASDAQ:NKTR) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 42.65% to close at $22.11 with the total traded volume of 15.32 Million shares. Nektar Therapeutics (NKTR) reported that its positive results from the SUMMIT-07 Phase 3 efficacy study of NKTR-181, a first-in-class opioid analgesic.NKTR-181 is a new chemical entity or NCE that is the first full mu-opioid agonist molecule designed to provide potent pain relief without the high levels of euphoria that can lead to abuse and addiction with standard opioids.
The U.S. Food and Drug Administration or FDA has granted the investigational medicine NKTR-181 Fast Track designation for the treatment of moderate to severe chronic pain.The SUMMIT-07 study compared twice-daily dosing of NKTR-181 tablets to placebo in the treatment of over 600 patients with moderate to severe chronic low back pain who were new to opioid therapy. The clinical trial met the primary efficacy endpoint of the study in demonstrating importantly improved chronic back pain relief with NKTR-181 compared to placebo. Key secondary endpoints of the study were also met with high statistical significance. The firm has institutional ownership of 96.60%, while insider ownership included 0.80%. Its price to sales ratio ended at 20.56. NKTR attains analyst recommendation of 1.50 with week’s performance of 40.92%.