Shares of Akorn, Inc. (NASDAQ:AKRX) ended Friday session in green amid volatile trading. The shares closed up +1.34 points or 4.81% at $29.22 with 1.78 million shares getting traded. Post opening the session at $27.85, the shares hit an intraday low of $27.75 and an intraday high of $29.30 and the price vacillated in this range throughout the day. The company has a market cap of $3.86 billion and the numbers of outstanding shares have been calculated to be 126.03 million shares.
Akorn, Inc. (AKRX) on Aug. 25, 2016 announced that it has relaunched Ofloxacin Otic Solution 0.3%, a sterile aqueous anti-infective solution for otic use.
About Ofloxacin Otic Solution
Ofloxacin Otic Solution is indicated for the treatment of infections caused by susceptible isolates of the designated microorganisms in the specific conditions listed below:
- Otitis Externa in adults and pediatric patients, 6 months and older, due to Escherichia coli, Pseudomonas aeruginosa, and Staphylococcus aereus.
- Chronic Suppurative Otitis Media in patients 12 years and older with perforated tympanic membranes due to Proteus mirabilis, Pseudomonas aeruginosa and Staphylococcus aureus.
- Acute Otitis Media in pediatric patients one year and older with tympanostomy tubes due to Haemophilus influenzae, Moraxella catarrhalis, Pseudomonas aeruginosa, Staphylococcus aureus, and Streptococcus pneumoniae.
According to IMS Health, sales of Ofloxacin Otic Solution were approximately $33 million for the twelve months ended June 30, 2016.
Shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) ended Friday session in red amid volatile trading. The shares closed down -0.65 points or 1.08% at $59.36 with 1.75 million shares getting traded. Post opening the session at $60.11, the shares hit an intraday low of $59.35 and an intraday high of $60.36 and the price vacillated in this range throughout the day. The company has a market cap of $13.68 billion and the numbers of outstanding shares have been calculated to be 233.01 million shares.
DENTSPLY SIRONA Inc (XRAY) on September 22, 2016 announced that its Board of Directors declared a quarterly cash dividend of $0.0775 per share of common stock, an indicated annual rate of $0.31 per share. The dividend is payable on October 14, 2016 to holders of record on September 30, 2016.