Chembio Diagnostics Wins Supply Order

Chembio Diagnostics Wins Supply Order

Shares of Chembio Diagnostics were up almost 5% Wednesday after the company said it has secured a $5.8 million order from Bio-Manguinhos/Fiocruz to supply components for the production of the company’s DPP HIV 1/2 assay in Brazil and for the subsequent supply to Brazil’s Health Ministry. Chembio’s DPP HIV 1/2 assay detects antibodies to HIV-1 and HIV-2 in oral fluid, blood, serum or plasma samples, and can provide results in […]

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Canadian Solar Secures Financing

Canadian Solar Secures Financing

Solar power company Canadian Solar said Tuesday that it has secured financing for its 92 MWp IS-42 solar power project near Fayetteville, North Carolina. The financing is in the form of a debt facility with Prudential Capital Group and a tax equity investment commitment from U.S. Bank’s division, U.S. Bancorp Community Development Corporation. Prudential Capital Group will provide a $97 million debt facility, including tax equity bridge loan, term loan, […]

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Intuitive Surgical Shares Jump to Record High

Intuitive Surgical Shares Jump to Record High

Intuitive Surgical shares jumped to a new record high Wednesday morning after the medical device manufacturer reported late Tuesday financial results for Q1 that topped analyst estimates. ISRG shares were 7% higher in recent morning trade, within a new 52-week range of $610.71 – $817.20. The company reported Q1 revenue of $674 million, better than the analyst consensus of $665 million on Capital IQ. Earnings were $5.09 per share, vs. […]

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Geo Group Wins Contract

Geo Group Wins Contract

Geo Group Inc., a real estate investment trust, said Thursday that it has been awarded a new $110 million contract to develop and operate a detention facility to be located in Conroe, Texas, by the U.S. Immigration and Customs Enforcement. Under the deal, the company will design, finance, build, and operate the company-owned 1,000-bed detention facility under a ten-year contract with the agency, inclusive of renewal option periods. The project […]

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Marathon Patent Forms Strategic Partnership

Marathon Patent Forms Strategic Partnership

Marathon Patent Group shares were up over 3% Tuesday after the intellectual property licensing company said it formed a strategic partnership with Hermes Patents to share information, provide services and seek mutual strategic and financial objectives. The company also said it is continuing to explore new business opportunities. “Hermes Patents is both an excellent strategic partner and logical extension for Marathon, helping us evolve beyond the licensing of patents and […]

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