Shares of Cepheid (NASDAQ:CPHD) ended Wednesday session at $52.38 with 3.80 million shares getting traded. Post opening the session at $52.40, the shares hit an intraday low of $52.35 and an intraday high of $52.49 and the price vacillated in this range throughout the day. The company has a market cap of $3.82 billion and the numbers of outstanding shares have been calculated to be 73.01 million shares.
On Sept. 8, 2016 Millions of patients, including newborns, in primary health care settings could gain access to a potentially life-changing test for HIV viral load monitoring thanks to a new development effort from Cepheid (CPHD), which is being partially funded by a grant from the Bill & Melinda Gates Foundation.
The development effort is targeting a new test that is designed to deliver lab-quality results from a few drops of finger stick-collected blood at remote patient sites, in contrast to existing HIV viral load tests that require venipuncture and separation of plasma from venous blood at a limited number of molecular lab locations. Patients in resource-limited settings can wait weeks to months for important HIV viral load test results that could support better anti-retroviral therapy management. Even worse, it has been estimated that, in some countries, as many as 50% of centralized laboratory results are never delivered to the patient.
The Xpert® Finger Stick HIV-1 Viral Load Assay, now in development, builds on Cepheid’s existing plasma-based test for HIV viral load, and is expected to deliver results within one hour, enabling same-visit test and treat algorithms, even in the most remote and challenging environments.
“A Finger Stick whole blood HIV quantitative assay that can reliably differentiate viral load levels at the 1,000 copies/mL level could dramatically impact the course of the HIV epidemic,” said Prof Ian Sanne, Founding Director and Chief Executive Officer of Right to Care. “This would enable better clinical management of HIV patients and make the UNAIDS 90-90-90 target a reality. Clinicians challenged the diagnostics industry over ten years ago to come up with a simple, cost effective, bed-side test that has a cut-off relevant for the treatment of HIV. Cepheid may be the first to deliver.”
“Coupled with Cepheid’s innovative Omni point of care system, we believe the Xpert® Finger Stick HIV-1 Viral Load Assay has the potential to revolutionize the management of HIV patients on a worldwide basis,” said John Bishop, Cepheid’s Chairman and Chief Executive Officer.
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) ended Wednesday session in red amid volatile trading. The shares closed down -0.06 points or -0.88% at $6.72 with 3.79 million shares getting traded. Post opening the session at $6.74, the shares hit an intraday low of $6.69 and an intraday high of $6.76 and the price vacillated in this range throughout the day. The company has a market cap of $22.03 billion and the numbers of outstanding shares have been calculated to be 3.00 billion shares.
On September 13, 2016 As governments prepare to meet at the UN General Assembly to discuss progress on the Sustainable Development Goals, Ericsson (ERIC) announced another set of solutions to help bridge the digital divide and bring mobile broadband coverage to the remaining three billion people who are underserved or without mobile broadband access.
The new suite of solutions, which includes software and hardware additions to Ericsson Radio System, provide the capabilities needed to reduce the total cost of ownership by up to 40 percent when rolling out Ericsson`s total site solution for mobile broadband, making investments in low-ARPU markets viable.
To complement deployment of the solutions are new unique mobile broadband tools, which allow operators to identify which sites in a GSM/EDGE coverage area have the highest number of users who already have internet-ready devices. Operators can then determine where it makes more sense to convert those sites first to HSPA or 4G/LTE, so that the greatest number of people will enjoy the benefits of mobile broadband.
The Broadband Commission for Sustainable Development, co-chaired by ITU and UNESCO, has championed the vital role that ICT (Information and Communication Technology) plays in laying the foundation to achieving the UN Sustainable Development Goals, and its new report to be launched later this week highlights that the digital divide is shifting from basic telephony to internet. The Broadband Commission estimates that it would cost 450 billion USD to bring the next 1.5 billion people online.
Arun Bansal, Head of Business Unit Network Products, Ericsson, says: “These are among the most important additions to our product portfolio for mobile broadband coverage growth ever. Ericsson supports the International Telecommunication Union`s Connect 2020 target of ensuring that more than 50 percent of people in the developing world are using the internet by 2020. In order to reach this goal, together we will need to connect roughly 500,000 new users to the internet each day. Ericsson continues innovating so that operators can create viable business even in rural or off-grid settings, and to make the most difference with every investment.”