Paolo Pucci, CEO of Arqule, Inc., bought 10,000 shares of Arqule, Inc. (ARQL: 10,000) at $2.1 per share for a total amount of $21,000 thousand on 03/13/2014.
Arqule, Inc. is located in Woburn, MA.
On 04/02/2014, Arqule, Inc. announced that the Company will present at the Needham 13th Annual Healthcare Conference on Wednesday, April 9, 2014 at 11:20 a.m. The presentation will be web cast and may be accessed through the investor relations section of the Company’s website, http://www.arqule.com.
On 03/05/2014, Arqule, Inc. announced its latest quarterly results. The Company reported a net loss of $24,600,000 or $0.39 per share, for the year ended December 31, 2013, compared with a net loss of $10,872,000 or $0.18 per share, for the year ended December 31, 2012. For the quarter ended December 31, 2013, the Company reported a net loss of $5,956,000 or $0.10 per share, compared with net loss of $5,296,000 or $0.09 per share, for the quarter ended December 31, 2012.
At December 31, 2013, the Company had a total of approximately $95,100,000 in cash and marketable securities.
According to Capital IQ, Arqule, Inc. has a market cap of $120.70 million, an enterprise value of $48.96 million.
ArQule, Inc., a clinical-stage biotechnology company, researches and develops cancer therapeutics. Its lead product candidate tivantinib is an inhibitor of the c-Met receptor tyrosine kinase and its biological pathway, which is in Phase 3 clinical trial for the treatment of non-small cell lung and liver cancer; and Phase 2 clinical trial for the treatment of colorectal cancer. The companys early clinical-stage products include ARQ 092, an inhibitor of the Akt protein kinase; ARQ 087, a multi-kinase inhibitor with pan-fibroblast growth factor receptor activity; ARQ 761, a NQ01 inhibitor; ARQ 621, an inhibitor of the Eg5 kinesin motor protein; and ARQ 736, an inhibitor of the RAF kinases. It has partnership agreement with Daiichi Sankyo Co., Ltd. and Kyowa Hakko Kirin Co., Ltd. for implementing a clinical development program designed to realize the potential of tivantinib as a single agent; and in combination with other anti-cancer therapies in various disease indications. In addition, the company has research collaboration with Daiichi Sankyo Co., Ltd. to discover therapeutic compounds that selectively inhibit certain kinases in the field of oncology based on its ArQule Kinase Inhibitor Platform (AKIP) technology. ArQule, Inc. was founded in 1993 and is headquartered in Woburn, Massachusetts.
Paolo Pucci’s most recent annual compensation from Arqule, Inc. is a salary of $767,713, $1,557,440 in other compensation, and a total compensation of $2,325,150. Mr. Pucci is 52 years old.
According to his biography, Mr. Paolo Pucci is Chief Executive Officer, Director of ArQule Inc. Mr. Pucci joined ArQule as Chief Executive Officer and a member of the Board in June 2008 from Bayer A.G., where he served as Senior Vice President and President in charge of the Bayer-Schering Pharmaceuticals Global Oncology/Specialized Therapeutics Business Units. Previously, Mr. Pucci was Senior Vice President of Bayer Pharmaceuticals Global Specialty Business Unit, President of U.S. Pharmaceutical Operations and a member of the Bayer Pharmaceuticals Global Management Committee. At Bayer, Mr. Pucci was involved in a broad range of activities related to Nexavar® (sorafenib), an oral multiple kinase inhibitor used to treat liver and kidney cancers. These activities included clinical development, regulatory review, corporate alliance management, product launch and marketing. Mr. Pucci joined Bayer as head of its Italian Pharmaceutical operations in 2001. Prior to Bayer, Mr. Pucci held positions of increasing responsibility with Eli Lilly, culminating with his appointment as Managing Director, Eli Lilly Sweden AB. At Lilly, his responsibilities included operations, sales, marketing and strategic planning. On November 1, 2012, Mr. Pucci was appointed to the Board of Directors of Dyax Corporation. In April 2013, he was elected as a non-executive director of Algeta ASA, a Norwegian oncology company. Mr. Pucci holds an M.B.A from the University of Chicago and is a graduate of the Università Degli Studi Di Napoli in Naples, Italy.
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