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Northrop Grumman Corp. has been authorized by the Pentagon to begin low-rate initial production of the Advanced Anti-Radiation Guided Missile Extended Range weapon.
Simulations Plus Inc. received an order from China’s drug evaluation agency to license its GastroPlus product. Financial terms of the deal between the Lancaster drug modeling software developer and the Center for Drug Evaluation of the National Medical Products Administration in China were not disclosed. John DiBella, Simulations Plus division president said, the company has cultivated relationships with different institutions affiliated with China’s National Medical Products Administration to use its technology for the evaluation of drug specifications and bioequivalence. “Now, researc...
Walt Disney Co. announced Tuesday that its new streaming service Disney+ reached 100 million global subscribers in the 16 months since it launched. Bob Chapek. chief executive of the Burbank entertainment and media giant, announced the milestone at the company’s virtual annual meeting of shareholders. The success of Disney+ has inspired the company to be even more ambitious and increase its investment in developing high quality programming, Chapek said in statement. “In fact, we set a target of 100+ new titles per year, and this includes Disney Animation, Disney Live Action, Marvel, ‘...
American Homes 4 Rent beat Wall Street estimates on earnings for the fourth quarter while matching on revenue. The Calabasas single-family home rental company reported on Thursday net income of $27 million (9 cents a share) for the quarter ending Dec. 31, compared with net income of $23.6 million (8 cents) in the same period a year earlier. Revenue increased by 5 percent to $299 million. Analysts on average expected earnings of 6 cents on revenue of $299 million, according to Thomson Financial Network. Chief Executive David Singelyn said that American Homes has set itself apart by combining a...
Second Sight Medical Products Inc. plans to combine with Pixium Vision SA, a French company, to pursue their common quest to develop bionic vision systems. The Sylmar company is working on its next-generation vision prosthetic, called the Orion system, which is complementary to a retinal-based system being made by Pixium. According to Acting Chief Executive Matthew Pfeffer, both companies have been aware of each other for many years and have had interactions in the past. The transaction will secure the future of both companies by reducing overhead costs and creating synergies, he said. Read t...