Ohr Pharmaceutical, Inc. (NASDAQ:OHRP) a pharmaceutical company focused on the development of novel therapeutics for large unmet medical needs, announced that it has entered into a definitive agreement with privately held SKS Ocular LLC and its affiliate SKS Ocular 1 LLC (“SKS Ocular”) to acquire SKS Ocular’s ophthalmology assets. The transaction will provide Ohr Pharmaceutical with a proprietary, patent protected, sustained release technology platform under development as well as a pipeline of pre-clinical sustained release drug product candidates that address unmet medical needs in glaucoma, retinal disease and other ophthalmic indications. OHR Pharmaceutical Inc (NASDAQ:OHRP) weekly performance is -14.98%. On last trading day company shares ended up $7.55. Analysts mean target price for the company is $21.00. OHR Pharmaceutical Inc (NASDAQ:OHRP) distance from 50-day simple moving average (SMA50) is -34.32%.
Covisint Corporation (NASDAQ:COVS) provider of a leading cloud engagement platform, announced that its Board of Directors has appointed Sam Inman as Chief Executive Officer effective immediately. Inman is a member of the Covisint Board of Directors and was named interim CEO on March 13, 2014. “We are thrilled that Sam has decided to stay on as permanent CEO of Covisint,” said Covisint Chairman Bob Paul. “Not only is Sam the right leader for the job based on his extensive experience successfully managing and growing technology companies, but his familiarity with Covisint operations and market opportunities will accelerate executional improvement across the entire organization. He has already made important progress in this regard, and we are confident that Sam will succeed in driving growth in this business.” Covisint Corp (NASDAQ:COVS) shares fell -17.07% in last trading session and ended the day on $5.88. Gross Margin is 41.90% and its return on assets is -23.20%. Covisint Corp (NASDAQ:COVS) quarterly performance is -43.02%.
PCTEL, Inc. (NASDAQ:PCTI) a leader in simplifying wireless and site solutions for private and public networks, announced at Cisco Live! the release of two new directional antennas: the 2.4 GHz and 5 GHz Enclosed Yagi MIMO Antennas for long range broadband wireless access applications. The new yagis provide high-speed directional WiFi coverage and optimized data throughput in a rugged, low profile housing. They are ideal for point-to-point installations in challenging environmental settings such as subways, highways, smart grids, oil and gas fields and wireless backhaul applications. PC Tel Inc (NASDAQ:PCTI) shares moved down -5.77% in last trading session and was closed at $7.18, while trading in range of $7.01 – $7.38. PC Tel Inc (NASDAQ:PCTI) year to date (YTD) performance is -24.26%.
On May 15, Vermillion, Inc. (NASDAQ:VRML) a multivariate diagnostics company focused on gynecologic cancers and women’s health, reported on its results for the quarter ended March 31, 2014. Total revenue in the first quarter of 2014 was $305,000, as compared to $328,000 in the same year-ago period. First quarter 2014 revenue was comprised of $191,000 in OVA1 product revenue and $114,000 in license revenue. Vermillion, Inc. (NASDAQ:VRML) ended the last trading day at $2.59. Company weekly volatility is calculated as 7.23% and price to cash ratio as 3.15. Vermillion, Inc. (NASDAQ:VRML) showed a negative weekly performance of -12.50%.
Nivea skin cream maker Beiersdorf AG (OTCMKTS:BDRFF) reported a forecast-beating 9 percent rise in first-quarter operating profit on Thursday, helped by strong demand for its skin care products in Asia and its industrial adhesives. In the three months through March, earnings before interest and tax (EBIT) increased to 235 million euros (193 million pounds), ahead of the average forecast of 224 million in a Reuters poll of analysts. BEIERSDORF A G (OTCMKTS:BDRFF) On last trading day company shares ended up $99.47.