Exxon Mobil Corp
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Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The Company's segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania.


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Gilead CAR-t therapy receives FDA approval

1:31 pm ET July 27, 2020 (MarketWatch)

Gilead Sciences Inc. (GILD) said late Friday that its CAR-T cell therapy had received approval from the Food and Drug Administration as a treatment for adult patients with relapsed or refractory mantle cell lymphoma. Shares of Gilead were up 0.6% in trading on Monday. The list price for Tecartus is $373,000 for a one-time infusion, according to a Gilead spokesperson, who noted by email that 87% of patients who receive a single dose report a response to the therapy. The "approval should also help quell at least in part any concerns that part two of the first wave of COVID-19 cases or the vaccine development race is distracting the FDA from approving important cancer medications," Mizuho Securities analyst Salim Syed wrote in a note to investors on Friday. Gilead's stock has gained 14.1% so far this year, while the S&P 500 has declined 0.4%.

-Jaimy Lee; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 27, 2020 13:31 ET (17:31 GMT)

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