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OncoSec Medical Incorporated (Nasdaq: ONCS) announced that it has entered into a definitive agreement with a single healthcare dedicated institutional fund to purchase approximately $10 million of securities in an at-the-market registered direct offering. OncoSec has agreed to sell to such investors an aggregate of 5,509,642 shares of its common stock, or pre-funded warrants in lieu thereof, at a price of $1.815 per share. Additionally, investors will receive warrants to purchase up to an aggregate of 5,509,462 shares of common stock at an exercise price of $1.69 per share for a term of 9 years. The warrants are immediately exercisable on the date of issuance.

The gross proceeds of the offering are $10 million. Net proceeds, after deducting the placement agents fee, financial advisory fees, and other estimated offering expenses payable by OncoSec, are expected to be approximately $9.1 million. OncoSec intends to use proceeds from the offering for general corporate purposes, including clinical trial expenses and research and development expenses.

Rodman Renshaw, a unit of HC Wainwright Co., LLC, acted as the exclusive placement agent in connection with this offering. The offering is expected to close on or about May 26, 2016, subject to the satisfaction of customary closing conditions.

The securities described above are being offered by OncoSec pursuant to a registration statement previously filed and declared effective by the Securities and Exchange Commission, or the SEC. A prospectus supplement related to the offering will be filed with the SEC. The securities may only be offered by means of a prospectus. Copies of the prospectus and prospectus supplement can be obtained directly from OncoSec and at the SECs website at www.sec.gov or by request from HC Wainwright Co., LLC by e-mailing This email address is being protected from spambots. You need JavaScript enabled to view it..

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of OncoSecs common stock or warrants. No offer, solicitation, or sale will be made in any jurisdiction in which such offer, solicitation, or sale is unlawful.



Shares of Goldman Sachs Group Inc (NYSE:GS) ended Friday session in red amid volatile trading. The shares closed down -0.43 points or -0.28% at $154.27. Post opening the session at $155.76, the shares hit an intraday low of $153.92 and an intraday high of $156.41 and the price vacillated in this range throughout the day. The company has a market cap of $1.91 billion and the numbers of outstanding shares have been calculated to be 415.39 million shares.

Goldman Sachs Group Inc (GS) operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing amp; Lending, and Investment Management. The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of various securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients. The Institutional Client Services segment is involved in client execution activities related to making markets in interest rate products, credit products, mortgages, currencies, commodities, and equities; and provides securities services, such as financing, securities lending, and other prime brokerage services, as well as markets in and clears client transactions on primary stock, options, and futures exchanges. The Investing amp; Lending segment invests in and originates longer-term loans to provide financing to clients; and makes investments in debt securities and loans, public and private equity securities, and real estate entities. The Investment Management segment offers investment management products and services; and wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services. The company serves corporations, financial institutions, governments, and individuals. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.

Shares of Comerica Incorporated (NYSE:CMA) ended Friday session in green amid volatile trading. The shares closed up +0.81 points or 1.83% at $45.18. Post opening the session at $44.61, the shares hit an intraday low of $44.46 and an intraday high of $45.18 and the price vacillated in this range throughout the day. The company has a market cap of $8.01 billion and the numbers of outstanding shares have been calculated to be 175.13 million shares.

Comerica Incorporated (CMA) on May 17, 2016 launched its latest and most innovative partnership to date with two of the largest startup leaders in North Texas. The new partnership teams Comerica Bank with the Dallas Entrepreneur Center (The DEC) and Tech Wildcatters (TW), one of the nations’ leading accelerators, in a joint effort to offer more smart small business solutions to the thriving North Texas entrepreneurial community.

As a leader in banking for small businesses and entrepreneurs, Comerica knows that by partnering with The DEC and TW, the top-five accelerator in the nation (according to Inc. Magazine, 2015), they will be able to more easily and efficiently offer their services to the burgeoning entrepreneurial communities forming throughout the North Texas area, said Trey Bowles, CEO and co-Founder of The DEC. We are thrilled to continue our partnership with Comerica Bank again this year, and by adding Tech Wildcatters, we’re able to help even more established and worldwide startups take their development to the next level, right here in North Texas.

Through this first-of-a-kind partnership, Comerica will be ideally positioned to promote its banking services to the North Texas entrepreneurial community as startups grow their businesses, staffs and presence in the region. The partnership will include offering in-person services to members of The DEC and startups that have received investment from Tech Wildcatters, branding opportunities, and more, culminating in an unprecedented pitch competition, in which the winner will receive entry into the highly coveted Tech Wildcatters accelerator (which includes investment of up to $130,000) and free office space for six months at The DEC.

Comerica is pleased to partner with The DEC and Tech Wildcatters, joining them in their nationally-recognized efforts to serve entrepreneurs and identify North Texas as a top region for innovation, said James Weber, executive vice president and Chief Marketing Officer for Comerica. By engaging with these best-of-breed organizations, we will be able to more easily and effectively promote our banking services to the entrepreneurs they serve. The DEC has become the go-to hub for first-time and veteran entrepreneurs alike and a leading co-working space for entrepreneurs. And, Tech Wildcatters is a leading accelerator that pours powerful resources, such as mentoring, investment and unmatched business connections, into tech startups from all over the world.

We are excited about this first-ever partnership with The DEC and Comerica Bank, said Clarisa Lindenmeyer, Chief Revenue Officer for Tech Wildcatters. We’re constantly seeking to upgrade our game-changing approach to early stage investing, and a key part of that model depends on powerful partners. By combining our seven years of expertise in this space with these two leading organizations, we know we can offer our portfolio of startups the best possible financial and banking solutions in addition to mentorship from their experts within Comerica Bank.



While many financial advisory firms have hunkered down, unwilling to talk about the impact of the disruptive Labor Department fiduciary rule, the wirehouses have sought to reassure their shareholders that the sky is not about to fall.

Bank of America Corp.s chief financial officer, Paul Donofrio, said during an earnings call last month that the Department of Labors new rule will affect less than 10% of the $2 trillion in assets at its wealth management business. During Morgan Stanleys first-quarter earnings call, CEO James Gorman said of the DOL rule, its not the be-all and end-all for the banks brokerage business.

The wirehouses have good reason to minimize the impact of the rule, which requires financial advisers to put their clients interests ahead of their own when giving retirement advice. In the final version, the Labor Department threw the big broker-dealers a bone by allowing them to continue selling proprietary investment products in the retirement market.

Blackstone Group LP (NYSE:BX) has grabbed the attention from analysts, when it saw a value increase of 2.62 percent in the last trading session. A total of 12.14 million shares exchanged hands during the intra-day trade compared with its average trading volume of 3.72 million shares.

When taking a look at recommendations from analysts, investors can use the average brokerage recommendation score to determine the consensus take on a stock. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock. The ABR rank is displayed in the range of 1 to 5 where 1 represents a Strong Buy and 5 a Strong Sell. The ABR is solely based on brokerage recommendations. It's important to note that analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Shares of Blackstone Group LP (NYSE:BX) currently have an ABR of 1.63, number of Recs in ABR is 12 while industry rank of the company by ABR is 204 of 265.

Out of the brokerage recommendations 7 rate Blackstone Group LP (NYSE:BX) stock a Strong Buy, 2 rate the stock a Buy, 3 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. According to data provided by Zacks investment research.

On a consensus basis, the sell-side has a one year price target of $34.27 on the stock. The most aggressive analyst sees the stock reaching $49.00 while the most conservative has a $28.00 target price. The mean price target is calculated keeping in view the consensus of 15 brokerage firms.

Analysts who have weighed in on projected earnings growth are expecting that the company will report earnings of $0.64 for the current quarter on or around 7/21/16 however the company's high EPS estimates are $0.95 and low estimates are $0.37. Previously the company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.37 by $-0.06. The company posted an earnings surprise of -16.20%.

Blackstone Group LP (NYSE:BX) on May 18, 2016 announced that Steve Plavin, President and Chief Executive Officer, will present at the Keefe, Bruyette amp; Woods 2016 Mortgage Finance Conference in New York, NY on Wednesday, June 1, 2016 at 11:20 am ET.

The Blackstone Group LP is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The firm was founded in 1985 and is based in New York, New York.

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.