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As a result of the MTPC deal, $REGN will receive up to $55MM in upfront and other near-term payments and additional payments of up to $170MM in R&D reimbursement payments and development milestones. $REGN is also eligible for additional one-time purchase price adjustment payments of up to $100MM upon achievement of specified annual net sales.
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.