Pfizer Completes Acquisition and 2 Dow Movers Buzzing Today
Microsoft Corporation’s (NASDAQ:MSFT) Xbox 360 sold 750,000 units during Thanksgiving week, topping not only Nintendo’s (NTDOY) new Wii U’s sales of 400,000 units, but also beating the combined total for all Wii consoles as 300,000 units of the original Wii were sold, according to The Los Angeles Times. Further, the report said that Sony Corporation (NYSE:SNE) has not yet released similar sales data for the Playstation 3.
Pfizer (NYSE:PFE) has completed its purchase of the privately-held NextWave Pharmaceuticals, a specialty pharmaceutical firm that concentrates upon the development and commercialization of products aimed at the treatment of attention deficit hyperactivity disorder. The buyer now holds exclusive North American commercialization rights to Quillivant XR (methylphenidate hydrochloride) for extended-release oral suspension which marks the first once-daily liquid medication approved by the FDA for the treatment of ADHD. Quillivant XR should be available in domestic pharmacies in January.
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Wal-Mart Transportation (NYSE:WMT) has reached an agreement for an amendment to its existing arrangement with the wholly owned subsidiary of I.D. Systems (NASDAQ:IDSY), Asset Intelligence. Wal-Mart will acquire from Asset Intelligence its VeriWise trailer tracking system and related services. The amendment becomes effective as of December 7th and extends the term of the agreement originally set to expire December 6th through December 31, 2014. During the extended term, Asset Intelligence will continue generating and overseeing VeriWise system data from Wal-Mart’s fleet of over-the-road freight trailers. The amendment should bring between $7 million and $10 million in revenue for I.D. Systems over its term.
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