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$SCLN will buy 3,529,412 shares of Soligenix for $3MM. $SCLN will be responsible for development, product registration and commercialization of SGX942 in Taiwan, South Korea and Vietnam. $SCLN will pay Soligenix royalties on net sales, and Soligenix will supply drug to $SCLN on a cost-plus basis while maintaining worldwide manufacturing rights.
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.