Zalicus to Merge with Epirus Biopharmaceuticals and PNC Financial Services Group Launches PINACLE Mobile App
Zalicus Inc. (NASDAQ: ZLCS) announced it would merge with Epirus Biopharmaceuticals in an all-stock transaction. After it closes Zalicus will be known as Epirus and will operate under the latter company's management team led by Amit Munshi as president and CEO. Current Zalicus stockholders will own approximately 19% of the company. The merger is going to create a publicly-traded company listed on the NASDAQ. "Under the new company structure, we will continue to aggressively advance our pipeline of biosimilars, and address diverse global biosimilar markets through local partnerships," Munshi said in a statement. "Through this transaction, we gain access to additional financial resources as well as clinical trial experience in the rheumatoid arthritis space. Our combined team is committed to expanding patient access to important medications."
Zalicus Inc., a biopharmaceutical company, discovers and develops novel treatments for patients suffering from pain. The company develops Z944, a novel oral T-type calcium channel blocker that has completed Phase Ib clinical studies for the treatment of pain indications. It is also engaged in research and preclinical development activities on its selective ion channel modulators targeting the Nav1.7 sodium channel for the treatment of pain. Zalicus Inc. is trading as a penny stock and is one to keep an eye on. Many big stocks start as penny stocks.
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The PNC Financial Services Group, Inc. (NYSE: PNC) has launched its PINACLE Mobile App for iPad. The company’s corporate and commercial customers now have an additional tool to access their online accounts and to gain insight into their day-to-day business activities. The app is available at the Apple Store for free. "Tablet use has grown tremendously across our customer base," said James Graham, executive vice president and head of Treasury Management, PNC Bank. "We worked with our clients to design an iPad app that offers them convenience as well as a secure, outstanding user experience. User administration, along with the portability of our new app, makes it a convenient tool for the decision-maker on the go."
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock, and Non-Strategic Assets Portfolio. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business customers through branch network, ATMs, call centers, online banking, and mobile channels.
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