Donut Roller Coaster: Krispy Kreme Shares After Lower IPO After Financial Markets News
The new roller coaster reflects the unstable environment of U.S. restaurants as the coronavirus pandemic subsides.
Shares of Krispy Kreme Inc rose on the first day of trading, giving the donut chain the lift it needed one day to reduce its initial public offering.
Shares reversed the initial decline on Thursday to a 26% jump to $ 20.58 in New York. Charlotte, a North Carolina-based company owned by investment firm JAB Holdings BV, opened at $ 16.30, below the IPO price of $ 17.
The new roller coaster reflects the unstable environment of restaurants as the pandemic subsides. Many U.S. restaurants, especially those that focused on breakfast, had a hard time closing stores and reduced sales as Covid-19 encouraged Americans to eat more at home.
ObsEva is developing ebopiprant, a potential first-in-class, once daily, oral and selective prostaglandin F
2α receptor antagonist, which is designed to control preterm labor by reducing inflammation, decreasing uterine contractions, preventing cervical changes and fetal membrane rupture without causing the potentially serious side effects to the fetus seen with non-specific prostaglandin synthesis inhibitors (NSAIDs). PGF
2α is believed to induce contractions of the myometrium and also upregulate enzymes causing cervix dilation and membrane rupture. In nonclinical studies, ObsEva has observed that ebopiprant markedly reduces spontaneous and induced uterine contractions in pregnant rats without causing the fetal side effects seen with non-specific prostaglandin inhibitors such as indomethacin. Ebopiprant (OBE022) was licensed from Merck KGaA, Darmstadt, Germany, in 2015. ObsEva retains worldwide, exclusive, commercial rights.
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ObsEva SA: ObsEva to Present Ebopiprant (OBE022) Data at the Society for Reproductive Investigation 68th Annual Meeting
ePoster
, 2021 - ObsEva SA (NASDAQ: OBSV) (SIX: OBSN), a biopharmaceutical company developing and commercializing novel therapies to improve women s reproductive health, today announced the presentation of clinical data from the PROLONG Phase 2a proof-of-concept study of ebopiprant, an oral prostaglandin F2alpha (PGF
2
a) antagonist, for the treatment of spontaneous preterm labor at the Society for Reproductive Investigation (SRI) 68
th Annual Meeting, being held virtually and in Boston July 6 -9, 2021.
Presentation details
are as follows:
Abstract ID: W-063
Session
Session Time: 4:00-5:30 p.m. ET
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