Nikkei edges up, high-tech shares jump on earnings
TOKYO, May 1 Japanese stock prices posted modest gains on Monday as high-tech shares such as Tokyo Electron and Murata Manufacturing gained on upbeat earnings in otherwise holiday-lulled trading.
March 16 PTC Therapeutics Inc:
* PTC Therapeutics announces agreement to acquire Emflaza™ for the treatment of duchenne muscular dystrophy in U.S.
* PTC Therapeutics Inc- transaction is expected to be accretive to both earnings and cash flow beginning in 2018
* PTC Therapeutics Inc - deal comprised of approximately $75 million in cash and approximately $65 million in PTC common stock
* PTC Therapeutics Inc- in addition, marathon has opportunity to receive a single $50 million sales-based milestone
* PTC Therapeutics Inc - deal for $140 million upfront consideration
* PTC Therapeutics Inc - Marathon is also entitled to receive payments from ptc based on annual net sales of emflaza beginning in 2018
* PTC Therapeutics Inc- has entered into an asset purchase agreement with Marathon Pharmaceuticals, Llc to acquire all rights to emflaza Source text for Eikon: Further company coverage:
* Entered into a strategic partnership with Paypal Source text for Eikon: Further company coverage: