Pharmaxis
Pharmaxis (PXS) is a pharmaceutical company specialising in the research, development and commercialisation of therapeutic pharmaceutical products. The Company manufactures specialty products for use in the diagnosis and treatment of chronic respiratory and immune disorders. Pharmaxis was listed on the Australian Stock Exchange on 10th November, 2003. Pharmaxis is based in Sydney, with offices also in the US, UK and China. It listed on the on NASDAQ (symbol PXSL) in August 2005.
Pharmaxis (ASX:PXS) is dialing back on losses suffered last week after a European committee strongly indicated it was going to reject the company’s cystic fibrosis drug Bronchitol. Shares yesterday rose 25 cents, or 27.2 percent, to $1.17, in addition to Friday’s 29.6 percent increase.
Although the health index fell 0.8 percent, the drug manufacturer was one of yesterday’s stellar performers, according to E L & C Baillieu Stockbroking director Richard Morrow.
Study the dividend history for PHARMAXIS LTD. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.
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