While the filing was highly expected, the analyst views this as very good news for the company
Shares of IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI) closed up 5% on Friday’s trading session soon after the company announced the NDA filing for Rexista tablets, an abuse- and alcohol-resistant oxycodone. The filing included tablet strengths of 10, 15, 20, 25, 30, 40, 60, and 80 milligrams. Maxim Group commented earlier Friday that the filing, which was highly expected, appears to be very good news for the drug maker. Following the announcement, the firm reaffirmed Buy rating along with a price target of $6 on the stock, implying 90.47% upside potential over the recent closing price $3.15.
Jason Kolbert, Maxim Group analyst highlighted: “The submission also includes a comprehensive array of abuse-deterrent studies conducted to support abuse-deterrent label claims related to abuse of drugs by oral, intra-nasal, and intravenous pathways, having reference to the FDA’s “Abuse-Deterrent Opioids — Evaluation and Labelling” guidance published in April 2015.”
The analyst stated that the abuse-deterrent properties of Rexista are incorporated to make it difficult/unlikeable to manipulate. Its purpose is to discourage the product’s misuse or abuse through common routes including, ingestion following licking, chewing or crushing; inhalation; injection; or insufflations.
Previously, the company announced results that it extracted from food effect study, which showed Rexista does not have any food effect and can be administered with or without meal. This aspect provides another differentiation point for Rexista from the currently available oxycodone extended release products in the market.
While the NDA filing seems positive news for the company, Maxim group analyst is looking forward to the next step of acceptance for Rexista, which may take up to 60 days on average, followed by the PDFUA approval date. In his view, this sets up the stage for a partnership opportunity.
Get the latest version of Android on your device via this stable custom ROM
The Moto Maxx, Turbo and Droid Turbo are definitely some of Motorola Solutions Inc’s (NYSE:MSI) best phones. Equipped with high-end specs and supreme build quality, these devices grabbed the attention of many users. However, there is one slight caveat. The phones are still stuck on Android 6.0.1 Marshmallow and Nougat hasn’t really been announced for the device yet. But thanks to the folks over at XDA, you can install Android 7.0 Nougat on your device right now. Here’s how:
Note: Before starting, make sure you have a proper backup of all your data.
What You Need:
A Rooted Moto Maxx, Turbo, or Droid Turbo With TWRP Recovery
CrDRoid Android 7.0 Custom ROM. Download here.
Gapps for Nougat. Download here.
Step 1: First of all, download both the ROM ZIP file and the Gapps files and copy the over to the root your device’s internal storage.
Step 2: Next, you need to reboot your device into Recovery mode. To do this, first power off your device. Press and hold Volume Down + Power until the device boots into bootloader. From here, select Recovery with the volume keys and press the Power button to make your selection.
Step 3: In recovery, navigate to Wipe and then swipe to Factory Reset/Wipe Data. Also go to advanced wipe and wipe System and Cache. Once that’s done, navigate to the Install section.
Step 4: Select the ROM Zip file and the tap on Add More Zips to select the Gapps ZIP file. Swipe right to start the flashing procedure.
And that’s it. The ROM will be flashed to your device in 5-10 minutes. Once that’s done, reboot your phone and it will boot into Android 7.0 Nougat.
Microsoft is looking to make a strong return to the smartphone world with its upcoming Surface Phone
It seems like we have been waiting an eternity for Microsoft Corporation (NASDAQ:MSFT) to announce its highly anticipated Surface Phone. Fortunately, there are numerous reliable sources which heavily expect the software tech giant to make a formal announcement during the upcoming IFA 2016 Event. Microsoft is still feeling the after-effects of its failed Windows phone but the company is aiming to make a strong return with its second generation Surface Phone. The upcoming device is believed to pack high-end hardware with powerful performance which could see Microsoft make a strong return to the smartphone world. Here is a quick review regarding the upcoming Microsoft Surface Phone.
Microsoft has spent over a year hyping up its upcoming Surface Phone due to the fact that the upcoming device will incorporate top-of-the-line specifications with significantly upgraded hardware. Interestingly, there have been a few accidental leaks regarding the upcoming device which indicates that the Surface Phone will feature a very different look to the all-plastic build used on the previous Microsoft Windows Phone. There are strong rumors speculating that the upcoming device could feature an all-metallic build instead. Also, the device is highly tipped to sport a 5.7-inch display screen with significantly higher resolution than the tech giant’s first generation smartphone. In terms of processing power, the Surface Phone is expected to come in three different versions: an entry level model with 32GB of internal storage and 3GB RAM, a mid-range model with 128GB of internal storage and 6GB RAM and a high-end model with a massive 500GB internal storage and 8GB RAM. Furthermore, the upcoming Surface Phone is expected to be powered by a Snapdragon 830 processing chipset which would certainly make the device super-fast.
Since Microsoft has remained very secretive about its rumored Surface Phone, we cannot guarantee that the upcoming device will incorporate every feature mentioned in this article. However, it is certain that the upcoming Surface Phone will manage to grab everyone’s attention, as this could be Microsoft’s last shot at redeeming itself after the spectacular failure of its first generation Windows Phone models.
The company is relying on a potential takeover, which isn’t a sound business strategy to go with
CEO Jack Dorsey celebrated his one-year anniversary at Twitter Inc. (NYSE:TWTR) on July 1, as exactly one year back, Mr. Dorsey took hold of the company with an aim to revive back the once-strong position of the social networking company. But looking on to the current position, the company has half of the market value compared to what it was a year ago. Supposedly, the one-year-old CEO has failed to pursue any aggressive growth strategy. Shares of the $11.97 billion company were up 0.35% during yesterday trading hours, closing at $17.20.
The investors pitched Twitter as the future Facebook to-be, but unfortunately, the company did not live up to all such expectations, given how it has disappointed every quarter since November 2013, when Twitter first went public. In addition, the ongoing deceleration in Twitter’s monthly active user growth is also alarming. Moreover, the simpler tweet initiative announced by the company two months ago seems to have failed in attracting new signups.
In October 2015, the struggling social media giant also began reporting “off-network” ad revenue and “owned-and-operated” ad revenue. The former has an inventory that isn’t owned by Twitter and has a noteworthy traffic acquisition cost attached to it, which makes it less profitable. .
According to a WSJ report, “Twitter’s recent focus on selling ads targeted at people who look at tweets without logging into the service could help it win more spending. A deal last year with Google’s DoubleClick could make Twitter ads more attractive to advertisers. But it won’t necessarily mean more spending.”
Also, the recent agreement with Google to display tweets in search result may diminish the possibility of acquisition by the search giant, which Twitter has been longing for. Since Microsoft Corporation has announced to acquire LinkedIn, Twitter’s social network peer, Twitter shares have gained approximately 13% over the past one month.
HPE’s SimpliVity acquisition will enhance its access to hyperconverged market, which is expected to grow at 25% CAGR
Hewlett Packard Enterprise Co (NYSE:HPE) announced on January 17 that it has signed a definitive agreement to acquire Nutanix Inc’s (NTNX) rival, SimpliVity – a market leading supplier of software-defined, hyper-converged infrastructure – for $650 million. Under this agreement, Hewlett Packard and its partner will develop the market’s first built-for-business hyper-converged offering.
According to HPE CEO, Meg Whitman, the deal expands the company’s software-defined abilities. It is also consistent with its strategy to develop Hybrid IT simple, providing consumers with user-friendly interface and a more resilient and secure infrastructure. The deal is also likely to expand the company’s offerings and strengthen its enterprise data services.
It will also enhance HPE’s access to hyper-converged market, which is expected to grow at 25% compound annual growth rate and reach $6 billion by calendar year 2020 (CY20). Consequently, the post-acquisition company is likely to witness accelerating financial performance going forward.
Moreover, SimpliVity’s CEP, Doron Kempel is also optimistic about the deal. He believes that Hewlett Packard acquisition will provide SimpliVity with complementary technology coupled with widespread partner channel and extensive sales reach that it requires for delivering world-class hybrid IT solutions to its customers.
The California based-company expects to close the deal during the second quarter of fiscal year 2017 (2QFY17). Within two months of completion of transaction, HPE plans to offer SimpliVity Omni Stack software. It further intends to market a greater range of integrated systems during the second half of FY17. The deal is currently subject to customary closing conditions and regulatory approval.
Consequently, investors continue to be bullish over HPE. Furthermore, out of 30 Street analysts covering the stock, 12 rated it as a Buy, three tagged it as Overweight, 13 recommended a Hold, and one each rated the shares as Underweight and Sell, respectively. The stock has a 12-month average PT of $24.63 with 8.6% upside potential over Tuesday’s closing price.