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As per the new collaboration agreement for metabolic immuno-oncology programs, $CELG and $AGIO said that the companies will share the cost and profit with a mix of 50/50. $AGIO is eligible for up to $169MM in clinical and regulatory milestone payments for each program. $CELG will lead ex-U.S. development and commercialization for all programs.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.