Stocks Bytes: Northern Dynasty Minerals Ltd. (USA) (NYSEMKT:NAK), AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX), Bank of America Corp. (NYSE:BAC)
Dallas, Texas, 09/29/2014 (ustrademedia) – Northern Dynasty Minerals Ltd. (USA) (NYSEMKT:NAK) recently reported that the court granted a ‘motion to dismiss’ the case by the State of Alaska, Pebble Limited Partnership and Alaska Peninsula Corp. The case was filed to challenge the U.S. EPA for pre-emptively imposing ‘Development Restrictions’ on the Pebble Project, even before the submission of a proposed development plan. This ruling deferred the statutory authority case hearing and judgment until after a final decision has been made by the U.S. EPA. Tom Collier, Pebble Partnership CEO, expressed that we are confident in the merits of this case. He also expressed to the claim that the Agency lacks statutory authority to do so at that time.
AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX) recently announced an update on the plans to resubmit the NDA (New Drug Application) for Zalviso™. The company recently reviewed its proposed response to the Zalviso Complete Response Letter with the U.S. FDA representatives. Ahead of the discussion, the company submitted a ‘Briefing Document’ to the FDA and also confirmed receipt of preliminary comments from the FDA. AcelRx is aiming for resubmission of the Zalviso NDA in 1Q15, subject to feedback from the FDA. The planned resubmission will be a Class 2 resubmission with a six-month review period.
Bank of America Corp. (NYSE:BAC), Metlife Inc. (NYSE:MET) and Wells Fargo & Co. (NYSE:WFC) are among the leading brands in the reverse mortgage industry. Ohio State University’s Stephanie Moulton, an associate professor at the ‘John Glenn School of Public Affairs,’ recently researched on reverse mortgages. Her work revealed that reverse mortgage consumers’ average credit scores were similar to other older Americans of their age. She concluded that if federal regulators set FICO credit scores limit below 580, defaults could fall by 45 percent. Unethical salespeople in this industry are making borrowers lose the homes later.