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Momentum Building: Reata Pharma, Virgin Galactic, Squarespace Make Key Announcements

  • June 16th, 2023
  • 251 views

Reata Pharmaceuticals, Inc. (Nasdaq: RETA) made a significant announcement as the U.S. Food and Drug Administration (FDA) accepted the filing of the Prior Approval Supplement (PAS) for SKYCLARYS (omaveloxolone). 

This acceptance signifies that the FDA considers the PAS complete enough for a substantive review. 

With an expedited Priority Review underway and a target action date set for mid-August 2023, investors responded positively to the news. Following the announcement, $RETA surged in after-hours trading, reaching $95.00, marking a jump of $1.39 or 1.48%.

Virgin Galactic Holdings, Inc. (NYSE: SPCE) has commenced its commercial spaceline operations, marking a significant milestone. 

The company announced the upcoming launch of 'Galactic 01,' a scientific research mission planned between June 27 and June 30, 2023. The flight will carry a crew from the Italian Air Force and the National Research Council of Italy to conduct microgravity research. 'Galactic 02' is scheduled for early August 2023, with regular monthly spaceflights following thereafter. 

$SPCE soared $1.78 or 43.84% in after-hours trading, reaching $5.84

Squarespace, Inc. (NYSE: SQSP) has made a significant strategic move by acquiring the assets associated with the Google Domains business. This purchase encompasses approximately 10 million domains hosted on Google Domains, serving millions of customers. 

Expected to close in the third quarter of 2023, pending regulatory approvals and customary closing conditions, Squarespace foresees meaningful benefits from the deal, particularly in terms of revenue and free cash flow in the coming years. 

$SQSP surged $2.41 or 7.68% to reach $33.80 in after-hours trading.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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