Author: Jesse Larson

Proxy Advisory Firm ISS Backs Nominees from Bow Street for Mack-Cali Realty Board

Proxy Advisory Firm ISS Backs Nominees from Bow Street for Mack-Cali Realty Board

Investment firm Bow Street, mired in a proxy fight with Mack-Cali Realty (CLI), said on Friday independent proxy advisory firm Institutional Shareholder Services (ISS) has recommended Mack-Cali shareholders to vote for Bow’s three nominees to the board at the shareholders’ meeting on June 12. “[Bow Street] has presented a compelling case that the replacement of several long-tenured directors with independent […]

Palomar Completes Reinsurance Renewal, First Placement of Specialty Homeowners Facility

Palomar Completes Reinsurance Renewal, First Placement of Specialty Homeowners Facility

Palomar Holdings (PLMR), a specialty property insurer, said it has completed the renewal of reinsurance programs that will take effect June 1. The company renewed $470 million of its core reinsurance program, which includes its catastrophe bond, and purchased $200 million of incremental limit. The company’s reinsurance program provides coverage up to $1.05 billion for earthquakes, which will enable Palomar […]

DelMar Pharma Shares Rally More Than 180% After Interim Trial Results of VAL-083 Update at ASCO

DelMar Pharma Shares Rally More Than 180% After Interim Trial Results of VAL-083 Update at ASCO

DelMar Pharmaceuticals (DMPI) shares rallied more than 180% on Friday after the company gave an encouraging update to its first- and second-line mid-stage trials of VAL-083 in patients with MGMT-unmethylated glioblastoma multiforme at the annual ASCO cancer meeting in Chicago. For the front-line treatment of the drug with radiation therapy, the trial showed eight patients getting a “complete response” and […]