IBM (NYSE: IBM ) is pouring $1 billion in research and development funds to create flash storage technology to embed in servers and storage appliances.
For the uninitiated, flash is a more efficient and reliable format for storing information, which is important when you're tackling huge volumes that need to be processed quickly -- an IBM specialty�for years now. Call it another Big Blue Big Data power play.
IBM has long been attractive for its dividend and consistent cash flows. This news doesn't change that, says Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova in the following interview with The Motley Fool's Erin Miller.
Rather, incumbent suppliers of flash technology -- notably SanDisk (NASDAQ: SNDK ) and Fusion-io (NYSE: FIO ) -- both fell noticeably in the days following the announcement. Each wants to play a role in making flash a central technology for handling Big Data, Tim says. IBM might get in the way of that.
10 Best Gas Utility Stocks To Invest In 2015: Tetra Technologies Inc.(TTI)
TETRA Technologies, Inc. operates as a diversified oil and gas services company. The company operates in three divisions: Fluids, Production Enhancement, and Offshore. The Fluids Division manufactures and markets clear brine fluids, additives, and other associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in various countries in Latin America, Europe, Asia, the Middle East, and Africa; and markets liquid and dry calcium chloride products to non-energy markets. The Production Enhancement division offers production testing services in various oil and gas basins in the United States, as well as in Mexico, Brazil, northern Africa, and the Middle East; and wellhead compression-based production enhancement services in the onshore producing regions of the United States, as well as various onshore basins in Canada, Mexico, South America, Europe, and Asia. The Offshore division pr ovides offshore services, including downhole and subsea oil and gas services, such as well plugging and abandonment, and wireline services; decommissioning and construction services utilizing heavy lift barges and various technologies for offshore oil and gas production platforms and pipelines; and conventional and saturated air diving services. It also engages in the exploration, development, and production of oil and gas properties in the offshore and onshore U.S. Gulf Coast region. This division provides its services to oil and gas companies and independent operators. The company was founded in 1981 and is headquartered in the Woodlands, Texas.
Advisors' Opinion:- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to TETRA Technologies (NYSE: TTI ) .
- [By Monica Wolfe]
Tetra Technologies (TTI)
During the second quarter Ashton upped his stake in Tetra Technologies by 91.82%. The guru purchased 71,800 shares in the second quarter price range of $8.29 to $11.21, with an estimated average price of $9.74. Since his buy the price per share has increased approximately 20.1%.
- [By Ben Levisohn]
What a ride it’s been for investors in�Tetra Technologies (TTI) today.
Agence France-Presse/Getty ImagesShares of Tetra Technologies traded down as much as 16% this morning after the oil & gas services company reported a profit of 6 cents not including Maritech and other unusual items, missing analyst forecasts for 19 cents. Tetra Technologies also said it would make between 50 cents and 60 cents during fiscal 2014, below forecasts for 66 cents.
At 2:38 p.m., however, Tetra was trading down just 0.8% at $10.88. RBC’s Kurt Hallead and team explain why:
Tetra Technologies rallied after starting the day at -15%. We think there was an overreaction to the headline miss and�Tetra Technologies’ core operating business results, along with 2H14 guidance, were in line with expectations. Moving forward, the company has some key catalysts on the horizon that should lead to significantly improved operating performance and investor awareness. Key Catalysts:
1. Get Maritech (E&P P&A liability in GoM) off the books. Ideally by 3Q. Once this is done,�Tetra Technologies may implement a dividend or share repo program.
2. Broaden Production Testing customer base, which should lead to a ramp in margins.
3. Increase scale of Compressco through M&A, along with awareness of the MLP’s value to Tetra Technologies.
4. Sell the offshore services business to simplify business structure.
Shares of Tetra Technologies are down 12% in 2014.
10 Best Gas Utility Stocks To Invest In 2015: Bank of Ozarks Inc (OZRK)
Bank of the Ozarks, Inc. is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). At December 31, 2011, the Company, through the Bank, conducted banking operations through 111 offices, including 66 offices in Arkansas, 27 in Georgia, 10 in Texas, four in Florida, two in North Carolina, and one each in South Carolina and Alabama. Subsequent to December 31, 2011, the Company opened its 11th and 12th Texas offices in Austin and The Colony. The Company also owns Ozark Capital Statutory Trust II, Ozark Capital Statutory Trust III, Ozark Capital Statutory Trust IV and Ozark Capital Statutory Trust V, all 100%-owned finance subsidiary business trusts formed in connection with the issuance of certain subordinated debentures and related trust preferred securities, and, indirectly through the Bank, a subsidiary engaged in the development of real estate, a subsidiary that owns a private aircraft and various other entities that hold foreclosed assets or tax credits or engage in other activities. Effective July 31, 2013, Bank of the Ozarks Inc acquired the entire interest of The First National Bank of Shelby.
The Company provides a range of retail and commercial banking services. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. The Company also provides mortgage lending; treasury management services for businesses, individuals and non-profit and governmental entities, including wholesale lock box services; remote deposit capture services; trust and wealth management services for businesses, individuals and non-profit and governmental entities, including financial planning, money management, custodial services and corporate trust services; real estate appraisals; credit-related life and disability insurance; automated teller machines (ATMs); telep! hone banking; online and mobile banking services, including electronic bill pay; debit cards, gift cards and safe deposit boxes, among other products and services. Through third party providers, the Company offers credit cards for consumers and businesses, processing of merchant debit and credit card transactions, and full service investment brokerage services.
On January 14, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former Oglethorpe Bank (Oglethorpe) with two offices in Georgia, including Brunswick and St. Simons Island. On April 29, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former First Choice Community Bank (First Choice) with seven offices in Georgia, including Dallas, Newnan (2), Senoia, Sharpsburg, Douglasville and Carrollton. On July 1, 2011, the Company closed one of the offices in Newnan, Georgia, and on October 26, 2011 the Company closed the office in Carrollton, Georgia.
Lending and Leasing Activities
The Company�� primary source of income is interest earned from its loan and lease portfolio and its investment securities portfolio. The Company�� portfolio of real estate loans includes loans secured by residential one- to four-family, non-farm/non-residential, agricultural, construction/land development, multifamily residential (five or more family) properties and other land loans. Non-farm/non-residential loans include those secured by real estate mortgages on owner-occupied commercial buildings of various types, leased commercial, retail and office buildings, hospitals, nursing and other medical facilities, hotels and motels, and other business and industrial properties. Agricultural real estate loans include loans secured by farmland and related improvements, including some loans guaranteed by the Farm Service Agency. Real estate construction/land development loans include loa! ns secure! d by vacant land, loans to finance land development or construction of industrial, commercial, residential or farm buildings or additions or alterations to existing structures. Included in the Company�� residential one- to four-family loans are home equity lines of credit.
The Company offers a variety of real estate loan products that are generally amortized over five to thirty years. The Company�� portfolio of consumer loans generally includes loans to individuals for household, family and other personal expenditures. The Company�� commercial and industrial loan portfolio consists of loans for commercial, industrial and professional purposes, including loans to fund working capital requirements (such as inventory, floor plan and receivables financing), purchases of machinery and equipment and other purposes. The Company offers a variety of commercial and industrial loan arrangements, including term loans, balloon loans and lines of credit with the purpose and collateral supporting a particular loan determining its structure. These loans are offered to businesses and professionals for short and medium terms on both a collateralized and uncollateralized basis. The Company obtains as collateral a lien on furniture, fixtures, equipment, inventory, receivables or other assets. The Company�� leases are primarily equipment leases for commercial, industrial and professional purposes, have terms generally ranging up to 48 months and are collateralized by a lien on the lessee�� interest in the leased property.
The Company�� portfolio of agricultural (non-real estate) loans includes loans for financing agricultural production, including loans to businesses or individuals engaged in the production of timber, poultry, livestock or crops. The Company�� agricultural (non-real estate) loans are generally secured by farm machinery, livestock, crops, vehicles or other agricultural-related collateral. A portion of the Company�� portfolio of agricultural (non-real estate) loans ! consists ! of loans to individuals which would normally be characterized as consumer loans but for the fact that the individual borrowers are primarily engaged in the production of timber, poultry, livestock or crops.
Deposits
The Company offers an array of deposit products consisting of non-interest bearing checking accounts, interest bearing transaction accounts, business sweep accounts, savings accounts, money market accounts, time deposits and individual retirement accounts. The Company acts as depository for a number of state and local Governments and Government agencies or instrumentalities. The Company�� deposits come primarily from within the Company�� trade area. As of December 31, 2011, the Company had $41 million in brokered deposits.
Other Banking Services
The Company offers an array of residential mortgage products, including long-term fixed and variable rate loans to be sold on a servicing-released basis in the secondary market. The Company originates residential mortgage loans to be resold on the secondary market primarily through its banking offices located in Arkansas��markets, many of its Texas banking offices and in certain of its acquired offices in the Southeastern United States. The Company offers a range of trust and wealth management services from its headquarters in Little Rock, Arkansas, with additional staff in Rogers, Arkansas. These trust and wealth management services include personal trusts, custodial accounts, investment management accounts, retirement accounts, corporate trust services, including trustee, paying agent and registered transfer agent services, and other incidental services. As of December 31, 2011, total trust assets were approximately $1.02 billion.
The Company offers treasury management products which are designed to provide specialized support to the treasury operations of business and public funds customers. The Company�� treasury management services include automated clearing house serv! ices (dir! ect deposit, direct payment and electronic cash concentration and disbursement), wire transfer, zero balance accounts, current and prior day transaction reporting, lock box services, remote deposit capture services, automated credit line transfer, investment sweep accounts, reconciliation services, positive pay services, credit line analysis and account analysis. It offers an online banking service for both business customers and consumers. Through this service customers can access their account information, pay bills, transfer funds, view images of cancelled checks, reorder checks, buy the United States Savings Bonds, change addresses, issue stop payment requests, receive detailed statements and handle other banking business electronically. The Company also provides businesses and consumers the option to electronically receive monthly bank statements and provides a 13-month archive of monthly statements and cancelled check images.
Advisors' Opinion:- [By Marc Bastow]
Arkansas-based Bank of the Ozarks (OZRK) announced a 10.5% dividend increase to 21 cents per share, payable Oct. 18 to shareholders of record as of Oct. 11. This is the 13th consecutive quarter in which OZRK has raised its dividend.
OZRK Dividend Yield: 1.77%
Best Dividend Stocks For 2015: WPCS International Incorporated(WPCS)
WPCS International Incorporated provides design-build engineering services for communications infrastructure. The company operates in three segments: Electrical Power, Wireless Communication, and Specialty Construction. The Electrical Power segment provides electrical contracting services to help commercial and industrial facilities for upgrading power systems; and creates integrated building systems, including the installation of structured cabling systems and electrical networks, as well as supports the integration of telecommunications, fire protection, security, and HVAC. The Wireless Communication segment designs and deploys wireless network solutions comprising Wi-Fi networks, point-to-point systems, mesh networks, microwave systems, cellular networks, in-building systems, and two-way communication systems. The Specialty Construction segment offers specialty construction services for building design, such as the design and integration of mechanical, electrical, hydra ulic, and life safety systems. The company provides its services to public services, healthcare, energy, and corporate enterprise markets worldwide. WPCS International Incorporated was founded in 1997 and is headquartered in Exton, Pennsylvania.
Advisors' Opinion:- [By Steven Russolillo]
WPCS International(WPCS) surged 21% in the extended session late Thursday after the firm said its BTX Trader unit had launched a platform for bitcoin traders.
- [By Ben Levisohn]
WPCS International (WPCS) has jumped 59% to $2.40 after announced the launch of its bitcoin exchange, BTX Trader.
ANI Pharmaceuticals (ANIP) has climbed 8.9% to $18.80 after it said it would buy 31 generic drugs from Teva Pharmaceuticals (TEVA). Teva’s shares are little changed in pre-open trading.
10 Best Gas Utility Stocks To Invest In 2015: Amarin Corporation PLC(AMRN)
Amarin Corporation Plc, a clinical-stage biopharmaceutical company, focuses on developing treatments for cardiovascular diseases. Its lead product candidate includes AMR101, a prescription grade omega-3 fatty acid, which is in second Phase III clinical trial for the treatment of high triglyceride levels in statin-treated patients who have mixed dyslipidemia. The company, formerly known as Ethical Holdings plc, was founded in 1989 and is based in Dublin, Ireland.
Advisors' Opinion:- [By Brian Orelli]
Amarin (NASDAQ: AMRN ) , for example, nearly doubled after announcing data for a phase 3 trial testing its lipid-lowering drug, Vascepa. While investors expected the drug to lower triglyceride levels, they got a nice surprise when the drug also lowered bad LDL cholesterol, especially since its direct competitor, GlaxoSmithKline's (NYSE: GSK ) Lovaza, increases bad cholesterol.
10 Best Gas Utility Stocks To Invest In 2015: Arrium Ltd (ARRMF)
Arrium Limited is an international mining and materials company. The Company�� principal activities are mining and supply of iron ore and other steelmaking raw materials to steel mills internationally and in Australia; the manufacture and supply of mining consumables products globally; the manufacture and distribution of steel long products and recycling of ferrous and non-ferrous scrap metal. Its key businesses include Mining, Mining Consumables, Steel and Recycling. Arrium Mining is an exporter of hematite ore with operations in South Australia. Arrium Mining also supplies pelletised magnetite iron ore and some hematite lump iron ore to the Company�� integrated steelworks. Arrium Mining Consumables supplies resource companies with a range of key mining consumables, including grinding media, wire ropes and rail wheels. Arrium�� integrated Steel and Recycling include OneSteel Manufacturing, long products steel manufacturing business, and OneSteel Distribution. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Australian stocks rose modestly in early Tuesday trade, with the market reacting to a mixed batch of earnings. The S&P/ASX 200 (AU:XJO) added 0.2% to 5,391.80, with BHP Billiton Ltd. (AU:BHP) (BHP) rising 1.7% after its July-December profit almost doubled from a year earlier, beating forecasts. However, smaller rival Arrium Ltd. (AU:ARI) (ARRMF) added 2.5% after reporting a swing back to profit. Other miners got a bump up from rising commodity prices, as Newcrest Mining Ltd. (AU:NCM) (NCMGF) gained 2.3% and Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) added 1.2%, though Oz Minerals Ltd. (AU:OZL) (OZMLF) slipped 0.4%. Shares of Coca-Cola Amatil Ltd. (AU:CCL) (CCLAF) slumped 5.1% after the drinks firm saw a more than 80% drop in 2013 profit, weighed by a writedown on its fruit-processing business. Packaging firm Amcor Ltd. (AU:AMC) (AMCRF) lost 4.6% after its fiscal-first-half profit fell by about a third.
10 Best Gas Utility Stocks To Invest In 2015: Altec Holdings SA (AXY)
Altec Holdings SA the parent company of Altec Group, is a Greece-based company engaged in the information technology and telecommunications fields. The Company's range of activities includes the manufacture, import, export, trade, distribution, leasing and support of computers and telecommunication materials, as well as the design, production, development, import, export, leasing and trading of software for computers and electronic cash registers. Its hardware products include a range of personal computers, servers and related equipment. Its software products include systems for enterprise resource planning, customer relationship management, accounting, human resource management, payroll and data warehousing, insurance brokerage software and equipment for call centers. It operates a retail network under the brand Microland. The Company has established subsidiaries in Romania, Bulgaria and Cyprus. Advisors' Opinion:- [By John Udovich]
Yesterday, small cap geothermal stock U.S. Geothermal Inc (NYSEMKT: HTM) produced a geyser of a return when it surged 26.79%, meaning its worth taking a closer look at the stock verses the performance of other geothermal stocks like small cap Ormat Technologies, Inc (NYSE: ORA) and mid cap Calpine Corporation (NYSE: CPN).�First of all, I should mention there are some other geothermal stocks out there like Alterra Power Corp (CVE: AXY) and Ram Power Corp (TSE: RPG) who have their primary listing on Canadian exchanges with secondary ones on the OTC���meaning they may not be a good deal for American investors or easy to invest in. Second, U.S. Geothermal Inc itself is a good geothermal proxy as its�focused on developing, owning, and operating clean, sustainable electric power from geothermal energy resources and its�operating geothermal power projects at Neal Hot Springs, Oregon; San Emidio, Nevada; and Raft River, Idaho plus El Ceibillo, an advanced stage, geothermal prospect located within a 24,710 acre energy rights concession area near Guatemala City, the largest city in Central America.
10 Best Gas Utility Stocks To Invest In 2015: Piper Jaffray Companies(PJC)
Piper Jaffray Companies provides investment banking, institutional brokerage, asset management, and related financial services to corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States, Asia, and Europe. The company raises capital through equity financings; provides advisory services, primarily relating to mergers and acquisitions for its corporate clients; underwrites debt issuances; and offers financial advisory and interest rate risk management services. Its public finance investment banking capabilities focus on state and local governments, as well as healthcare, higher education, housing, hospitality, transportation, and commercial real estate industries, as well as operates in business and financial services, clean technology and renewables, consumer, and industrial growth, as well as media, telecommunications, and technology industries. The company also offers equity and fixed income advisory and t rade execution services for institutional investors, and government and non-profit entities; and is involved in proprietary trading, as well as has equity sales and trading relationships with institutional investors. In addition, it provides asset management services to separately managed accounts, private funds or partnerships, and open-end and closed-end registered investment companies or funds; and offers an array of investment products comprising small and mid-cap value equity, and master limited partnerships focused on the energy industry, as well as fixed income. Further, the company engages in merchant banking activities, which comprises proprietary debt or equity investments in late stage private companies, and investments in private equity and venture capital funds, as well as other firm investments and forfeiture of stock-based compensation. Piper Jaffray Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By Jake L'Ecuyer]
Top losers in the sector included Alto Palermo SA (NASDAQ: APSA), off 5.5 percent, and Piper Jaffray Companies (NYSE: PJC), down 3.5 percent.
Top Headline
J.P. Morgan Chase & Co (NYSE: JPM) reported a 19% drop in its first-quarter profit. J.P. Morgan's quarterly profit declined to $5.3 billion, or $1.28 per share, versus a year-ago profit of $6.53 billion, or $1.59 per share. Its revenue slipped 8% to $22.99 billion versus $25.12 billion. J.P. Morgan's investment banking net income dropped 15%. However, analysts were estimating earnings of $1.39 per share on revenue of $24.43 billion. - [By victorselva]
The Charles Schwab Corporation (SCHW) is a savings and loan holding company. The company is engaged, through its subsidiaries, in securities brokerage, banking, money management, and financial advisory services. Its subsidiaries include Charles Schwab & Co. (a leading discount broker-dealer), Charles Schwab Investment Management (a mutual fund investment advisor) and Charles Schwab Bank.In this article, let's take a look at this brokerage firm and try to explain to investors the reasons this is an apparently appealing investment opportunity.The FocusThe company provides financial services to individuals and institutional clients through two segments: Investor Services and Institutional Services. The Investor Services segment provides retail brokerage and banking services to individual investors. The Institutional Services segment provides custodial, trading, and support services to independent investment advisors. The Institutional Services segment also provides retirement plan services, specialty brokerage services, and mutual fund clearing services. The company seeks to meet the financial services needs of investors, advisers and employers. It focuses on building client loyalty with the goal of attracting new clients and serving them. Additionally, Schwab麓s strengths through shared core processes and technology advances which help create services that are scalable and consistent with the business.Interest Rates, Capital Structure and Debt-to-Capital RatioThe results are dependent on short-term interest rates, as 37% of its top line came from net interest income in the first quarter of 2014.The broker has been making significant efforts to become less dependent on interest rates, which we expect Federal Reserve will raise them in late 2014 or 2015. Also, the company麓s plan is to reach a low-cost capital structure and targets a long-term debt-to-total financial capital ratio of less than 30%.Lucrative Derivatives Trading In 2011, the company acquired Compl
- [By Rich Smith]
Investment banker Piper Jaffray (NYSE: PJC ) expanded its municipal debt business Wednesday, when it purchased Seattle-Northwest Securities in a transaction valued at approximately $21 million.
- [By EXPstocktrader]
3) Piper Jaffray (PJC): Recent weakness is unwarranted as the landscape for Acthar remains favorable: OVERWEIGHT (BUY) rating and $74 PT
4) CRT Capital: BUY rating and $79 PT.
10 Best Gas Utility Stocks To Invest In 2015: Silver Spruce Resources Inc (SSE)
Silver Spruce Resources Inc. is a junior exploration company. The Company�� operations consist of the exploration for precious and base minerals with a focus on uranium, mainly in the Central Mineral Belt of Labrador, which include Popes Hill, the Popes Hill JV with Great Western Minerals Group, and the MRT, RWM and Straits properties. The Company�� projects include Double Mer Property, Mount Benedict Property, Big Easy Property, MRT Property, Pope�� Hill area, Red Wine Mountains and Straits Property. The Snegamook Lake property is located just to the southeast of Snegamook Lake in central Labrador, in the western part of the Central Mineral Belt (CMB), consists of 86 claims. The Fishhawk lake is located to the southeast of Snegamook Lake in central Labrador, in the western part of the CMB, consists of 164 claims. On August 22, 2012, the Company purchased a uranium exploration property in the CMB of Labrador from Virginia Energy Resources Inc. Advisors' Opinion:- [By Namitha Jagadeesh]
SSE Plc (SSE) slid 5.8 percent to 1,489 pence as Citigroup said in a note that the supplier of gas and electricity would suffer the most from price caps or other forms of government intervention because it gets 97 percent of revenue from the U.K.
10 Best Gas Utility Stocks To Invest In 2015: Oil-Dri Corporation Of America(ODC)
Oil-Dri Corporation of America engages in the development, manufacture, and marketing of sorbent products in the United States and internationally. The company offers cat litter products, including coarse and scoopable products under Cat?s Pride and Jonny Cat brands; industrial and automotive sorbent products comprising clay-based, polypropylene-based, and cotton-based sorbent products to absorb oil, grease, water, and chemical spills under the Oil-Dri brand; and bleaching clay and clarification aid products for bleaching, purification, and filtration applications under Pure-Flo, Perform, Select, and Ultra-Clear names. It also provides agricultural and horticultural products consisting of granular and powdered mineral absorbent products that are used as carriers for crop protection chemicals, agricultural drying agents, bulk processing aids, growing media components, and seed enhancement media under Agsorb, Verge, Flo-Fre, and Terra-Green brands. In addition, the company offers animal health and nutrition products, such as enterosorbent products and animal feed binders for the livestock industry under Calibrin, ConditionAde, Pel-Unite, and Pel-Unite Plus names; and sports products for use on baseball, football, and soccer fields under the Pro?s Choice brand. Its customers include mass merchandisers, wholesale clubs, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, distributors of industrial cleanup and automotive products, environmental service companies, and sports field product users; processors and refiners of edible oils, petroleum-based oils, and biodiesel fuel; manufacturers of animal feed and agricultural chemicals; and marketers of consumer products. Oil-Dri Corporation of America sells its products through sales force; food brokers; distributors, including industrial, auto parts, safety, sanitary supply, chemical, and paper distributors; and catalogs. The company was founded in 1941 and is based in Chicago, Illinois.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Oil-Dri Corp. of America (NYSE: ODC ) , whose recent revenue and earnings are plotted below.
10 Best Gas Utility Stocks To Invest In 2015: Alimera Sciences Inc.(ALIM)
Alimera Sciences, Inc., a biopharmaceutical company, engages in the research, development, and commercialization of prescription ophthalmic pharmaceuticals. The company focuses on diseases affecting the back of the eye or retina. The company is developing ILUVIEN, an intravitreal insert in phase-3 clinical trials for the treatment of diabetic macular edema (DME), which is a disease of the retina that affects individuals with diabetes and could lead to severe vision loss and blindness. Its ILUVIEN insert designed to be inserted into the patient?s eye to release a daily dose of fluocinolone acetonide over an anticipated period of 24 to 36 months. The company also conducts phase-2 clinical trials on ILUVIEN for the treatment of the dry form of age-related macular degeneration (AMD), the wet form of AMD, and retinal vein occlusion. In addition, it conducts testing on two classes of nicotinamide adenine dinucleotide phosphate oxidase inhibitors. Further, the company develops I LUVIEN inserter, a custom insertion system for ILUVIEN. Alimera Sciences, Inc. was founded in 2003 and is headquartered in Alpharetta, Georgia.
Advisors' Opinion:- [By John Kell]
Specialty pharmaceutical firm pSivida Corp.(PSDV) said the U.S. Food and Drug Administration didn’t approve a treatment for an eye disease found in patients with diabetes. The company’s stock tumbled 47% to $2 premarket, while shares of Alimera Sciences Inc.(ALIM) were down 39% to $1.66, as the treatment is licensed and sold by Alimera in other markets.
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