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KTOV

Kitov Pharmaceuticals

$1.88

-0.02 (-1.05%)

08:23
10/06/17
10/06
08:23
10/06/17
08:23

Kitov Pharmaceuticals acquires additional 27% stake in TyrNovo

Kitov Pharmaceuticals announced the acquisition of an additional 27% stake in TyrNovo, a privately- held developer of novel small molecules in the oncology therapeutic field, from unaffiliated minority shareholders. As announced on January 13, Kitov had acquired a controlling interest, which is now approximately 65% of TyrNovo. After the closing of this transaction, Kitov will hold approximately 92% of TyrNovo's issued and outstanding ordinary shares. Following negotiations with a group of unaffiliated minority shareholders who collectively hold approximately 27%, of TyrNovo, the company has entered into an agreement to acquire their shares based on an agreed upon TyrNovo valuation of $7M. In exchange for these TyrNovo shares, Kitov will issue 13,169,689 new shares, equivalent to 658,484 American Depositary Shares or ADSs of Kitov, at an agreed upon price, in excess of prevailing market prices, of $2.50 per ADS.

KTOV Kitov Pharmaceuticals
$1.88

-0.02 (-1.05%)

02/08/17
RODM
02/08/17
NO CHANGE
RODM
Rodman & Renshaw places Buy rating on Kitov under review
Rodman & Renshaw analyst Raghuram Selvaraju placed his Buy rating and $7 price target on Kitov Pharmaceuticals under review after the Israeli Securities Authority commenced a formal investigation into the company's public disclosures around its lead drug candidate, KIT-302. The analyst is uncertain when trading in the shares will resume and says he does not have "granular information concerning the scope or nature of the investigation."

TODAY'S FREE FLY STORIES

S

Sprint

$7.10

-0.05 (-0.70%)

14:50
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IBM

IBM

$146.51

-0.32 (-0.22%)

14:49
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Options
IBM options imply 5.5% move in share price post-earnings, above median historical move »

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STZ

Constellation Brands, also tag STZ.B

$212.29

1.84 (0.87%)

14:46
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Conference/Events
Constellation Brands, also tag STZ.B management to meet with SunTrust »

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SVU

Supervalu

$18.90

0.085 (0.45%)

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Short-term call buying in SuperValu as shares slip into earnings »

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HES

Hess Corp.

$45.67

-0.37 (-0.80%)

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DAL

Delta Air Lines

$52.91

-0.71 (-1.32%)

, MSG

Madison Square Garden

$215.84

-1.91 (-0.88%)

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Delta Air Lines

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Madison Square Garden

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MSGN

MSG Networks

$21.03

0.275 (1.33%)

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MOH

Molina Healthcare

$61.64

1.78 (2.97%)

, UNH

UnitedHealth

$205.36

12.16 (6.29%)

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Senator says bipartisan deal reached to stabilize ObamaCare, The Hill reports »

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Molina Healthcare

$61.64

1.78 (2.97%)

UNH

UnitedHealth

$205.36

12.16 (6.29%)

CNC

Centene

$93.61

2.6901 (2.96%)

WCG

WellCare

$173.81

5.89 (3.51%)

CI

Cigna

$188.26

3.27 (1.77%)

ANTM

Anthem

$189.00

5.24 (2.85%)

HNT

Health Net

HUM

Humana

$241.96

4.785 (2.02%)

AET

Aetna

$155.62

4.18 (2.76%)

THC

Tenet

$13.31

0.4 (3.10%)

UHS

Universal Health

$108.19

2.59 (2.45%)

LPNT

LifePoint

$55.80

0.8 (1.45%)

HCA

HCA Healthcare

$77.14

1.95 (2.59%)

CYH

Community Health

$6.13

0.23 (3.90%)

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General news
Fed discount rate meeting minutes: 11 of 12 Banks voted for an unchanged »

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ORI

Old Republic

$19.53

-0.24 (-1.21%)

14:21
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MTN

Vail Resorts

$218.22

1.7975 (0.83%)

14:20
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SVU

Supervalu

$18.77

-0.04 (-0.21%)

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$NSD

NASDAQ Market Internals

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INTC

Intel

$39.76

0.09 (0.23%)

, NVDA

Nvidia

$197.93

3.34 (1.72%)

14:16
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Periodicals
Intel unveils new family of chips to take on Nvidia in AI, The Verge says »

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INTC

Intel

$39.76

0.09 (0.23%)

NVDA

Nvidia

$197.93

3.34 (1.72%)

SFTBF

SoftBank

$89.80

0.9 (1.01%)

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$NYE

NYSE Market Internals

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ORI

Old Republic

$19.53

-0.245 (-1.24%)

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NAVI

Navient

$11.73

0.11 (0.95%)

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UNP

Union Pacific

$110.09

-2 (-1.78%)

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Breaking Periodicals news story on Union Pacific »

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PACW

PacWest Bancorp

$48.09

0.13 (0.27%)

14:05
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Downgrade
PacWest Bancorp rating change  »

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MOH

Molina Healthcare

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0.88 (1.47%)

, UNH

UnitedHealth

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11.73 (6.07%)

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MOH

Molina Healthcare

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0.88 (1.47%)

UNH

UnitedHealth

$204.93

11.73 (6.07%)

CNC

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$92.84

1.92 (2.11%)

WCG

WellCare

$172.72

4.8 (2.86%)

CI

Cigna

$187.49

2.5 (1.35%)

ANTM

Anthem

$187.60

3.8392 (2.09%)

HNT

Health Net

HUM

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$241.08

3.905 (1.65%)

AET

Aetna

$155.17

3.7303 (2.46%)

HCA

HCA Healthcare

$75.63

0.44 (0.59%)

CYH

Community Health

$5.97

0.065 (1.10%)

THC

Tenet

$12.79

-0.12 (-0.93%)

UHS

Universal Health

$106.78

1.18 (1.12%)

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ORI

Old Republic

$19.54

-0.23 (-1.16%)

14:01
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Breaking Hot Stocks news story on Old Republic »

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DE

Deere

$128.76

1.035 (0.81%)

14:00
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Deere wins trademark lawsuit against FIMCO »

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  • 22

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XLF

Financial Select Sector

$26.13

-0.17 (-0.65%)

14:00
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10/17
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14:00
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Whale of a trade in SPDR Financial ETF expresses a defensive view »

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AMZN

Amazon.com

$1,006.34

3.4 (0.34%)

13:47
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Amazon inks deals with apartment landlords for lockers, WSJ reports »

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WMT

Wal-Mart

$85.81

0.065 (0.08%)

13:41
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10/17
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Periodicals
Wal-Mart's Lore: Company plans to acquire more startups, TechCrunch reports »

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FB

Facebook

$174.52

0.78 (0.45%)

13:41
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Facebook's Regina Dugan says to leave company early next year »

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