NURO reverse split. PPHM raise cash. VVUS PDUFA date + TSRX SUPG

Sep 02, 2011 No Comments by

NeuroMetrix, Inc. (Nasdaq: NURO), announced after hours yesterday a one-for-six reverse stock split of its common stock, effective immediately. Shares now trade under the symbol NUROD. This is in line with my article last month predicting a late August or early September reverse split. Expect EPCT to be the next to announce a reverse split, likely within the next two to three weeks.

Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM) today announced the sale of 6,252,252 shares of common stock to three institutional investors in a registered direct offering at a public offering price of $1.11 per share. The gross proceeds of the offering are expected to be approximately $7 million.

VIVUS, Inc. (NASDAQ: VVUS) announced after hours a PDUFA date of avanafil, for the treatment of erectile dysfunction (ED) of April 29, 2012.

Trius Therapeutics, Inc. (NASDAQ:TSRX) filed a $100m shelf after hours yesterday.

SuperGen, Inc. (NASDAQ: SUPG), announced it anticipates that it will begin operating under the name Astex Pharmaceuticals, Inc. on September 12, 2011. The new name follows the previously announced closing of its acquisition of Astex Therapeutics Limited, a privately held, UK-based biotechnology company developing targeted therapies. Astex Pharmaceuticals, Inc. is expected to begin trading on NASDAQ under the symbol ASTX on September 12, 2011.

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About the author

Currently residing in New Zealand and employed in the education industry, Mr. A. Burden holds a M.Com in International Business from the University of Sydney and used these skills together with his passion for investing to establish BioPharmCatalyst in June 2010 as a tool for investing decisions in the US pharmaceutical market. He spends much of his free time mountain biking, playing squash and hiking.
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