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  • Stocks in Focus Tuesday | LCRD | INCY | BIIB | TM |

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    Tuesday Dec. 21, 2010, 08:10 am EST
     
    Stocks in Focus on Tuesday- LCRD, INCY, BIIB, TM
     
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    LCRD - LaserCard Corporation (NASDAQ:LCRD)
    LaserCard Corporation announced that the company has entered into a definitive agreement to be acquired by ASSA ABLOY AB, at a price of $6.25 per share through a cash tender offer. The total transaction value is approximately $80 million. This per share price represents a premium of approximately 38% over the closing price of LaserCard shares on December 17, 2010 and a premium of 42% over the 20-day average of closing prices.
     
    INCY-Incyte Corporation (NASDAQ:INCY)
    Incyte Corporation (Nasdaq:INCY) announced positive top-line results from COMFORT-I, the pivotal Phase III clinical trial of INCB18424 (also known as INC424) in patients with myelofibrosis (MF) being conducted under a FDA Special Protocol Assessment (SPA) Agreement. High levels of statistical significance were also achieved for the key secondary endpoints based on symptomatic improvement as measured by the modified Myelofibrosis Symptom Assessment Form Diary.
    BIIB- Biogen Idec Inc. (NASDAQ:BIIB)
    Biogen Idec (NASDAQ:BIIB) and Neurimmune Holding AG today announced that Biogen Idec has acquired a subsidiary of Neurimmune, which includes the world-wide rights to three pre-clinical immunotherapy programs. The three programs are focused on the discovery and development of novel human antibodies that address three central nervous system (CNS) targets: alpha-synuclein, tau and TDP-43. These targets are believed to be relevant for the treatment and prevention of a wide variety of neurodegenerative diseases, including Parkinson’s disease, Alzheimer’s disease and amyotrophic lateral sclerosis (ALS). Biogen Idec will make an initial payment of $32.5 million and up to $395 million in contingent payments.
     

    TM- Toyota Motor Corporation (ADR) (NYSE:TM)
    Late Monday night, Toyota Motor Corp. agreed to pay two fines totaling more than $32.4 million for failing to promptly inform regulators of defects in its vehicles, instead allowing millions of potentially dangerous vehicles to remain on the nation's roads. Shares of Toyota Motor Corp. are not expected to drop a lot on the news however a minor drop is possible.
     

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