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Momenta Pharmaceuticals, Inc. (Nasdaq:MNTA) and Baxter International Inc. announced that they have entered into a global collaboration to develop and commercialize follow-on biologic products, also known as biosimilars. Biosimilars replicate existing, branded biologics used in the treatment of a variety of diseases including cancer, autoimmune disorders and other chronic conditions. With this collaboration, Baxter will leverage its leading clinical development and biologic manufacturing expertise, global leadership in sterile injectables and global commercial capabilities, while Momenta will provide its expertise in high-resolution analytics, characterization, and product and process development.
Under the terms of the agreement, Baxter will make an upfront cash payment of $33 million to Momenta related to the collaboration for up to six follow-on biologic compounds. Baxter may make additional payments over the next several years for the development of the compounds, contingent upon the achievement of technical, development and regulatory milestones with respect to all six products.
Momenta Pharmaceuticals is a biotechnology company specializing in the detailed structural analysis of complex mixture drugs and is headquartered in Cambridge, MA. Momenta is applying its technology to the development of generic versions of complex drug products, as well as to the discovery and development of novel drugs. To receive additional information about Momenta, please visit the website at www.momentapharma.com, which does not form a part of this press release.
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Taylor Capital Group, Inc. (NASDAQ:TAYC), the holding company for Cole Taylor Bank (the “Bank”), one of Chicago ’s leading middle market commercial banks, announced that it has completed its previously disclosed $35.0 million rights offering, which expired in accordance with its terms at 5:00 p.m., Eastern Time , on December 14 , 2011.
Taylor Capital Group, Inc. is a $4.5 billion bank holding company for Cole Taylor Bank , a commercial bank headquartered in Chicago.
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Kearny Financial Corp. (NASDAQ:KRNY) announced that the Company’s Board of Directors has declared a quarterly cash dividend of $.05 per share to stockholders of record as of January 2, 2012 payable on January 23, 2012. The Company is the majority-owned subsidiary of Kearny MHC, a federally chartered mutual holding company, which owns 75.78% of the Company’s outstanding shares.
Kearny Financial Corp. is the holding company for Kearny Federal Savings Bank, which operates from its administrative headquarters building in Fairfield, New Jersey, and 41 retail branch offices located in Bergen, Hudson, Passaic, Morris, Middlesex, Monmouth, Essex, Union and Ocean Counties, New Jersey.
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Cleantech Transit Inc. (CLNO)
Biomass energy provides another way to sustain the economic viability of maintaining working forests on the landscape. Today, many of our private forests lands are at risk due to economic factors that provide a higher financial return for developing land rather than keeping it as forest. Increasing the value of the business of forest management by developing new markets such as bio-energy can provide landowners an additional economic return that encourages continued investment in working forests.
Cleantech Transit is focusing its efforts on building a portfolio of environmentally friendly green assets. Their goal is to create a self sustaining environment where they can produce and sell clean electricity for domestic use. In addition Cleantech will expand its focus to other areas of sustainable energies including renewable resources such as Geothermal, Solar and Wind. Cleantech Transit’s goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
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Fulton Financial Corporation (NASDAQ:FULT) will pay a quarterly cash dividend of six cents per share on its common stock on January 13, 2012 to shareholders of record as of January 2, 2012. This amount is a one cent per share increase over the five cents per share paid in October 2011.
Fulton Financial Corporation, a $16 billion Lancaster, Pa.-based financial holding company, has 3,850 employees and operates 273 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through six affiliate banks.
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Keywords: , Cleantech Transit, CLNO, Fulton, Kearny, Momenta Pharmaceuticals, Nasdaq:FULT, NASDAQ:KRNY, NASDAQ:MNTA, Nasdaq:TAYC, Taylor Capital














