Healthcare review: Anthera Pharmaceuticals, Galectin Therapeutics, Santarus, ARCA Biopharma, AcelRx Pharmaceuticals |
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By Staff and Wire Reports |
Tuesday, 05 March 2013 14:31 |
Galectin Therapeutics Inc. (NASDAQ:GALT) ramps higher after saying it's received the go ahead from the FDA to proceed with Phase 1 clinical trials of GR-MD-02, a treatment for non-alcoholic fatty liver disease with advanced fibrosis. The study will be conducted in up to seven centers in the U.S., with enrollment and infusion of the first cohort to begin in May, 2013. Santarus, Inc. (NASDAQ:SNTS) continues to rally this morning on the back of a blowout Q4. Net earnings nearly tripled as the specialty-biopharmaceutical company reported double-digit revenue growth and gave upbeat earnings guidance for FY13, now expecting to earn $320M to $325M in revenues and net income of $50M to $54M. Arca Biopharma Inc. (NASDAQ:ABIO) trades up after announcing a 6-for-1 reverse split of its common stock, which became effective after the close yesterday, and trading on the NASDAQ on a split adjusted basis as of today. The reverse split reduces ABIO's number of shares issued and outstanding from approximately 19.1M shares to approximately 3.2M shares. AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX) jumps 4% after saying yesterday that its Sufentanil NanoTab drug-device combination met the primary endpoint of a Phase III trial by significantly reducing pain in patients who had just received major open abdominal surgery. AcelRx expects to release the results of another Phase III trial of NanoTab in Q2. "Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'. Add this page to your favorite Social Bookmarking websites ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |