Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) released that it has signed into a definitive contract with AstraZeneca (AZN) to purchase Myalept, an orphan product that is indicated to treat complications of leptin deficiency in patients with generalized lipodystrophy. Under the terms of the agreement, Aegerion will pay AstraZeneca $325 million upfront to acquire the global rights to develop, manufacture and commercialize Myalept, subject to an existing distributor license with Shionogi covering Japan, South Korea, and Taiwan. Shares of Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) traded at $21.98 by moving up 8.17% with price volatility of 9.97% for a week and 8.53% for a month. Its beta stands at 0.84 times.Archer-Daniels-Midland Company (NYSE:ADM) relearned that Juan Luciano has been appointed the firm's next CEO, effective Jan. 1, 2015. He was also selected to the firm's board of directors, effective immediately. Luciano presently serves as president and chief operating officer responsible for leading and running the company's global operations. Archer-Daniels-Midland Company (NYSE:ADM) stock hit highest price at $50.66, beginning with a price of $50.35 and reported a decrease of -0.68% to the closed at $49.97 with a day range of $49.94-$50.66. The total market capitalization remained 32.257 Billion, total volume of 3.27 Million shares held in the session was surprisingly higher than its average volume of 3307.72 shares.The sale of Occidental Petroleum Corporation's (NYSE:OXY) interest in BridgeTex includes two transactions. PAA will buy for $1.075B Occidental's interest in the around 400-mile northern leg of the BridgeTex pipeline which runs from the Permian Basin to East Houston; and Magellan will purchase Occidental's interest in the around 40-mile, 24-inch southern leg of the BridgeTex pipeline from Houston to Texas City for $75M. Occidental Petroleum Corporation (NYSE:OXY) stock ha highest price of $86.63 in last session, beginning with a price of $84.97 and reported a decrease of -0.08% to the closed at $86.40 with a day range of $84.91-$86.63.
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