Boston, MA 08/27/2014 (wallstreetpr) – Avanir Pharmaceuticals Inc (NASDAQ:AVNR) announced the enrollment of the first patient for the Phase II study of its major depressive disorder (MDD) treatment. It said the Phase II study of the drug called AVP-786 will focus on evaluating the efficacy, tolerability and safety of the treatment. There are millions of people in the world who suffer from MDD, but are not able to find help with the existing standard treatments. Avanir Pharmaceuticals Inc (NASDAQ:AVNR) expects its drug to make a difference for the patients and its top line as well.
Peabody Energy Corporation (NYSE:BTU) continues to find itself on the receiving end over its controversial advertisement that promotes coal energy at a time when regulators are battling it. Having recently suffered a setback when its “clean coal” campaign was ruled out of order, the company’s hopes of reinventing itself appear to be fading. That may not happen so fast because Peabody Energy Corporation (NYSE:BTU) is the world’s largest private sector coal company, but the future is not promising. In the “clean coal” ads, the company sought to grab the attention of the poor countries that also faced with energy deficiency. However, activists and regulators are up in arms against the campaign, they claim that coal is the dirtiest mainstream source of energy and has no place in the world where people are trying to combat global warming.
All may not be well at Zogenix, Inc. (NASDAQ:ZGNX) despite the gain in the stock in the recent sessions. First, the company recently posted quarterly results in which both earnings and revenue fell short of the consensus estimates. As if that is not enough, Express Scripts Holding Company (NASDAQ:ESRX) removed Zohydro RE, Zogenix (ZGNX)’s only commercial product, from the list of medicines that benefit from reimbursement. Then Zogenix’s chief commercial officer, Scott Shively, left the company to take another job with another company. These developments are bound to have a negative impact on Zogenix, Inc. (NASDAQ:ZGNX).
Several analysts on Wall Street have a disturbing view of JetBlue Airways Corporation (NASDAQ:JBLU)’s CEO, David Barger. They say the CEO is so friendly to the passenger that he impedes measures that can boost the company’s profitability. However, Barger recently fired back, saying that his track record cannot be compared with layoff and bankruptcies, alluding to the challenges that rival Delta and American have had to deal with in the recent times.
