Shares of Immune Pharmaceuticals Inc (NASDAQ:IMNP) ended Friday session in green amid volatile trading. The shares closed up +0.002 points or 0.76% at $0.280 with 3.13 million shares getting traded. Post opening the session at $0.28, the shares hit an intraday low of $0.28 and an intraday high of $0.30 and the price vacillated in this range throughout the day. The company has a market cap of $28.67 million and the numbers of outstanding shares have been calculated to be 101.58 million shares.
Immune Pharmaceuticals Inc (IMNP) on Sept. 16, 2016 announced that the Board of Directors has approved to designate Maxim Pharmaceuticals Inc. (“Maxim”), one of the Company’s existing subsidiaries, as the dedicated entity to develop and commercialize, and hold the intellectual property related to, AmiKet® and other related pain and neurology assets. In addition, the Company has entered into a binding agreement with NPT (the “Binding Agreement”), a syndicate of experienced healthcare investors, pursuant to which NPT or its designees have agreed to purchase up to $20 million of the capital stock of Maxim, with an initial funding of $5 million to occur within thirty days. Previously, the Company entered into an option agreement with NPT, dated May 15, 2016, as amended on July 18, 2016. Pursuant to the Binding Agreement, immediately following the $5 million initial funding by NPT, Immune will expand the Board of Directors of Maxim, to five members which will include one NPT representative, and a newly hired Chief Executive Officer of Maxim.
Shares of UnitedHealth Group Inc (NYSE:UNH) ended Friday session in red amid volatile trading. The shares closed down -0.53 points or -0.38% at $140.51 with 2.80 million shares getting traded. Post opening the session at $141.02, the shares hit an intraday low of $140.36 and an intraday high of $140.36 and the price vacillated in this range throughout the day. The company has a market cap of $134.39 billion and the numbers of outstanding shares have been calculated to be 952.39 million shares.
UnitedHealth Group Inc (UNH) will release its financial results for the third quarter of 2016 on Tuesday, October 18, 2016, before the market opens, and will host a teleconference at 8:45 a.m. ET to discuss the results with analysts and investors. This call will be webcast on the Investors page of the company’s web site (www.unitedhealthgroup.com). The replay will be available on the web site or by dialing 1-800-283-4799 through November 1.