Roche Holding Ltd. (ADR) (OTCMKTS:RHHBY) dropped over 1.7% in last session after it reported that U.S. FDA has agreed a label extension of the cobas EGFR Mutation Test v2 for use with plasma samples as a companion diagnostic for Astra Zeneca’s non-small cell lung cancer therapy TAGRISSO (osimertinib).
On June 1st, 2016, the FDA granted authorization of the cobas EGFR Mutation Test v2, making it the first FDA-agreed liquid biopsy test for use in clinical decisions. The test is the only companion diagnostic that is FDA-agreed for the detection of the epidermal growth factor receptor gene in DNA derived from plasma or tumor tissue.
Time Warner Inc. (NYSE:TWX) [Trend Analysis] retains strong position in active trade, as shares scoring 0.06% to $78.61 in a active trade session, while looking at the shares volume, about 3.92 Million shares have changed hands in this session. Media companies, Time Warner Inc. (TWX) together with Viacom Inc. (VIAB) are amidofferders for a potential acquisition of Telefónica SA’s Argentine television broadcaster Telefe, The Wall Street Journal reported, citing people familiar with the discussions.
The accord, which could be worth as much as $400 million, could allow the buyer a greater presence in Latin America. Telefónica waits for proper offers to arise within the next several days, and a final decision will be made in October, the report stated. The firm has institutional ownership of 82.70%, while insider ownership included 0.10%. TWX attains analyst recommendation of 2.10 with week’s performance of 1.68%. Investors looking additional ahead will note that the Price to next year’s EPS is 11.32%.