After-Hours Update: ALIM, HPQ
Monday, August 30, 2021 7:44 PM

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Alimera Sciences, Inc., (NASDAQ: ALIM) announced late Monday that the company's New Drug Application (NDA) for Iluvien(R) (fluocinolone acetonide intravitreal insert) has been accepted for filing and granted Priority Review status by the U.S. Food and Drug Administration. Iluvien is Alimera's investigational, sustained drug delivery system that releases sub-microgram levels of fluocinolone acetonide for the treatment of diabetic macular edema (DME). FDA Priority Review status is granted to therapies that offer major advances in treatment or provide a treatment where no adequate therapy exists. This status accelerates the standard review time from 10 months to six months. With priority review, Alimera could receive a response from the FDA in the fourth quarter regarding its NDA for Iluvien, which was submitted at the end of June 2010. Shares of the company rallied more than 4% in after-hours trading. 

Hewlett-Packard (NYSE: HPQ) late Wednesday agreed to pay $55 million to the Department of Justice to settle claims it paid kickbacks to companies to win business from federal agencies.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • Egypt backs Palestinian position on settlements Oct 03, 2021 10:34 AM

    • CAIRO - Egypt backed the Palestinians' refusal to negotiate with Israel as long as it continues to build West Bank settlements, even as officials urged Sunday for continued diplomacy to salvage the month-old talks.
    • Washington's Mideast envoy met with Egyptian President Hosni Mubarak to discuss the impasse ahead of an Arab League meeting this week at which the Palestinians are expected to deliver a final decision on whether to continue with talks following Israel's decision a week ago to allow a curb on settlement building to expire.
    • Palestinian President Mahmoud Abbas says there is no point negotiating as long as settlements are eating up the land the Palestinians want for a future state.
      • Economy pitch mainly a blame game for both parties Oct 03, 2021 10:34 AM

        • WASHINGTON - If you don't like the economy, blame President Barack Obama and Democrats because they're making times tougher, Republicans are telling voters entering the four-week homestretch to an election the GOP hopes will return the party to power in Congress.
        • Look, Democrats say, it's the Republicans who caused the financial meltdown and recession.
        • As bad as high unemployment, record home foreclosures and bankruptcies are, they'd be worse if the GOP had succeeded in blocking financial and auto industry bailouts and Obama's stimulus plan, Democrats claim.
          • Brazilians voting to replace popular leader Silva Oct 03, 2021 10:28 AM

            • SAO PAULO - A former Marxist guerrilla who was imprisoned and brutally tortured during Brazil's long military dictatorship is the front-running candidate in Sunday's presidential election, though she may be forced into a runoff vote by her centrist rival.
            • Dilma Rousseff, a 62-year-old career bureaucrat, represents the ruling Workers Party and is the hand-picked successor of outgoing President Luiz Inacio Lula da Silva, universally known as Lula, who led Brazil to unparalleled economic growth, increased Brazil's political clout on the global stage and will leave office as the nation's most popular leader.
            • The latest polls show her with a lead of about 20 percentage points over her closest rival, Jose Serra, a 68-year-old centrist from the Brazilian Social Democracy Party and former mayor of Sao Paulo who was badly defeated by Silva in the 2002 election.
              • Afghan starts to close private security firms Oct 03, 2021 10:07 AM

                • KABUL, Afghanistan - The Afghan government said Sunday it has started dissolving private security firms in the country by taking steps to end the operations of eight companies, including the firm formerly known as Blackwater and three other large international contractors.
                • The eight companies that have begun the process include Xe Services - the North Carolina contractor formerly called Blackwater - Virginia-based NCL Holdings LLC, New Mexico-based Four Horsemen International and London-based Compass International, Omar said.
                • About 37 companies are working with the U.S. government, totaling about 26,000 armed security guards.
                  • Ryder Cup to finish on Monday Oct 03, 2021 09:39 AM

                    • NEWPORT, Wales - The Ryder Cup has resumed after another long rain delay.
                    • The final six team matches were back on the water-logged course Sunday at Celtic Manor, with Europe leading in all six.
                    • This is the second suspension at the Ryder Cup and ensures the first Monday finish in its 8-year history.

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