Shares of Pfizer Inc. (NYSE:PFE) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 0.12% to close at $33.48. The Scripps Research Institute (TSRI) reported that a research collaboration and license contract with Pfizer Inc. (NYSE: PFE) to pioneer new DNA-encoded library (DEL) technology, including new synthetic chemistry for the creation of next-generation DELs, a potentially transformative technology for early stage drug discovery research.
Under the terms of the collaboration, Pfizer will pay a technology access fee and thereby gain access to innovative chemical synthesis technology developed at TSRI. Members of the TSRI chemistry department–Professors Phil Baran, Ph.D., Dale Boger, Ph.D., Jin-Quan Yu, Ph.D., K. Barry Sharpless, Ph.D., and others–will work alongside Pfizer scientists to adapt these chemical methods for use in creating DELs, which require stringent processes that are tolerant of the delicate DNA backbone. TSRI and Pfizer may choose to expand the scope of the joint research to include other technologies relevant for enabling DEL-based drug discovery.
Financial terms of the contract are not disclosed. Moving forward to saw long-term intention, the experts calculate Return on Investment of 7.30%. The stock is going forward its fifty-two week low with 21.79% and lagging behind from its 52-week high price with -8.80%. PFE last month stock price volatility remained 1.28%.
Majesco Entertainment Company (NASDAQ:COOL) [Trend Analysis] knocking active thrust in leading trading session, shares surge of 2.23% to 3.62 with around 3345 shares have changed hands in this session. Majesco Entertainment Company (NASDAQ: COOL) following its previous announcement that it signed a definitive merger contract with PolarityTE™, Inc., a Nevada corporation www.polarityte.com, declared that the Company’s name has been changed to PolarityTE™, Inc., effective with The NASDAQ Capital Market at the open of business on January 11, 2017. The Company’s new CUSIP will be 731094108 and its common stock will continue to trade under the symbol “COOL.”
“Changing the company’s name reflects our current business focus following the December 1, 2016 definitive merger contract with PolarityTE™, Inc.,” said Denver Lough MD, PhD, Chairman and CEO. Completion of the Merger is subject to a number of conditions, including stockholder approval. There can be no assurance that the conditions will be met or that the Merger will be successful. The stock is going forward its fifty-two week low with 38.66% and lagging behind from its 52-week high price with -48.79%.
Similar, the positive performance for the quarter recorded as -0.56% and for the year was -33.61%, while the YTD performance remained at 9.26%. COOL has Average True Range for 14 days of 0.41.