United Therapeutics Inks Agreement with Ascendis and 1 Stock That Has Hit 52-Week Highs
Time Warner Inc. (NYSE:TWX): Chief Executive Bill Nelson of Home Box Office, Inc., announced Thursday he will resign his at the end of 2012. From that point, Eric Kessler will serve as president and chief operations officer, Michael Lombardo will serve as president of programming, and both will report to Richard Plepler, who will become the new chief executive. Shares closed up 0.62 percent on the day at $45.79, having been traded in a 52-week range of $28.26 to $45.72.
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United Therapeutics Corporation (NASDAQ:UTHR) reports that it has reached an exclusive agreement with Ascendis Pharma A/S through which to apply Ascendis Pharma’s proprietary TransCon tech platform to its treprostinil molecule, which comprises the active ingredient in Remodulin, or treprostinil, injection. The former believes that the TransCon technology platform could permit a controlled, long-acting release of a novel, carrier-linked product, which could notably improve the delivery profile of treprostinil by establishing a self-injectable alternative for patients who currently use the drug, using a continuous infusion pump for the treatment of pulmonary arterial hypertension. Shares closed down 0.26 percent on the day at $58.05, and have been traded in a 52-week range of $36.55 to $58.43.
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