Medpace Enters Into Stock Repurchase Deal

Medpace Enters Into Stock Repurchase Deal

Medpace Holdings, a clinical contract research organization, said late Wednesday that it has entered into a stock purchase agreement with investment funds affiliated with Cinven Capital Management General Partner Limited. Under the deal, the company has agreed to repurchase 2 million shares of the company’s common stock at a price of $30.27 per share for approximately $60.5 million. The company said it intends to fund the transaction with cash on […]

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Nordic American Tankers Signs Two Deals With Shell Oil

Nordic American Tankers Signs Two Deals With Shell Oil

Nordic American Tankers said Wednesday it signed two time-charter arrangements with Shell Oil for a period of 18 months for each vessel, commencing August/September this year. Shares climbed more than 2% intraday. The terms of the confidential contracts include upside for both parties as well as downside protection, the company claimed in a statement. Nordic now has three time-charter deals with Shell and six such pacts with large oil companies, […]

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Oshkosh Gets Order from U.S. Army

Oshkosh Gets Order from U.S. Army

Oshkosh shares were nearly 1% higher pre-market Tuesday after the maker of specialty vehicles said it received another order valued at $195 million from the U.S. Army for the Joint Light Tactical Vehicle (JLTV) program, including 748 vehicles and 2,359 installed and packaged kits. This is the fifth order the company received under the program, which is currently in low rate initial production. The program is anticipated to receive a […]

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Nuance Partners With Epson

Nuance Partners With Epson

Nuance Communications, a provider of voice recognition and natural language understanding solutions, said pre-market Tuesday that it has formed a strategic partnership with Seiko Epson. The partnership aims to enhance the Epson customer experience by providing Nuance document imaging solutions through Epson distributors and resellers. Under the partnership, Epson will sell and distribute Nuance eCopy ShareScan and Equitrac Office/Express software on Epson’s innovative family of inkjet multifunction printers (MFPs). Epson […]

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Sarepta, BioMarin Sign Licensing Deal

Sarepta, BioMarin Sign Licensing Deal

Sarepta Therapeutics and BioMarin signed a license agreement regarding exon-skipping technology and settled a patent dispute. The license agreement gives Sarepta global exclusive rights to BioMarin’s Duchenne muscular dystrophy patient database for its Exondys 51 product, which uses Sarepta’s exon-skipping technology, which allows cells to jump through faulty sections of genetic code and and all future exon-skipping products, the companies said on Tuesday. BioMarin retains the right to convert the […]

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