Healthcare Review: Sequenom, AEterna Zentaris, Organovo Holdings, BioCryst Pharmaceuticals, Health Net |
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By Staff and Wire Reports |
Thursday, 25 July 2013 14:18 |
![]() AEterna Zentaris Inc. (USA) (NASDAQ:AEZS) shares declined 22.60% to $1.37 in the early hour. The company on July 25 announced that it has received commitments from institutional investors to purchase US$7.8 million of securities in a registered direct offering. Under the terms of a Securities Purchase Agreement, the Company will sell to such investors an aggregate of approximately 5.2 million common shares of its capital at a price of US$1.50 per share and issue warrants to acquire an aggregate of approximately 2.6 million common shares at an exercise price of US$1.85 per share. Organovo Holdings Inc. (NYSEMKT:ONVO) stock dropped 7.08% to $6.04. ONVO and Methuselah Foundation, a public charity incentivizing innovation in regenerative medicine, on July 24 announced that Methuselah Foundation has initiated a campaign in which it will fund research at major research institutions using Organovo's proprietary NovoGen Bioprinting technology. The program will feature grants of research funding from the non-profit Methuselah Foundation to major academic research centers engaged in cutting edge biomedical research. BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) shares decreased 6% to $4.23. The company, on July 22, announced that the randomized, placebo-controlled, Phase 1 clinical trial of orally-administered BCX4161 in healthy volunteers successfully met all of its objectives. The safety, tolerability, drug exposure and on-target kallikrein inhibition results of this Phase 1 trial strongly support advancing the development program into a Phase 2a study in hereditary angioedema (HAE) patients. Health Net, Inc. (NYSE:HNT) shares dropped 3.09% to $32.35. The company, on July 25, said that its second-quarter profit dropped to $33.5 million, or 42 cents a share, from $124.6 million, or $1.48, a year earlier. Revenue fell to $2.74 billion from $2.84 billion. The company also cuts its full-year profit outlook by 10 cents a share to $2.10 to $2.20. Analysts, on average, were looking for profit of 52 cents a share in the second quarter and $2.24 for the year. "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 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |