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During 3Q15, the collaboration with $AGTC became effective and $BIIB made an upfront payment of $124MM, which included a $30MM equity investment in $AGTC, prepaid R&D expenditures of $58.4MM and total licensing and other fees of $35.6MM. $AGTC is eligible to receive milestone payments aggregating in excess of $1Bil under the collaboration.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.