Posts for Ticker ‘IMRX’

Biotech Finance Daily (DNDN)(MRK)(DNA)(BRCX)

Shares of ImaRx Therapeutics (IMRX) are off 15% to $1.18. The company’s news about it Transcranial Ultrasound in Clinical SONolysis clinical trial in patients with acute ischemic stroke disappointed the market a little over a week ago and shares have not recovered. The stock was at $4.75 in August.

Seattle Genetics (SGEN) announced an offering of private stock which took shares down 12% to $10.32.

Genentech (DNA) is set to report earnings after hours. The 24/7 Wall St. preview is already available.

Dendreon (DNDN) was hit with a wave of buying early in the day and is trading at three times normal volume up 8% to $6.56. Perhaps an unusual options activity in the FEB-08 $7.50 Calls is the culprit.  It had 18,457 contracts trade at that strike and the open interest before today was listed as 107,199 contracts.

BioCryst Pharmaceuticals (BCRX) is trading up 8% on well above normal volume. Named an interirm medical officer on Friday.

Compugen Ltd (CGEN) disclosed a collaboration with Merck (MRK) targeted at predicting peptides likely to activate selected G-protein coupled receptors and validating their agonistic activity. The agreement includes an option to Merck for exclusive worldwide licenses for such peptides. Shares moved up 10% to $2.06

Douglas A. McIntyre

Posted on: January 14, 2008 – 3:02 pm in Biotech, , , , , ,

Largest IPO Percentage Losses of 2007 (CHIP, DEEP, ZBB, BBND, MMPI, GLUU, IMRX, GSIT, XFML, PINN, LLNW)

247WallSt.com wanted to bring a best and worst in IPO’s for 2007.  Many investors look for recent IPO’s that have seen the shares hit hard since coming public.  Some of these may be overlooked, but always remember that there is usually a reason that an IPO would be down more than 50% since coming public.  As you can see below, there were some big losers for IPO’s in 2007:

  • VeriChip Corp (NASDAQ:CHIP) Feb. 9 at $6.50; recently $2.49 or -61.69%.
  • Superior Offshore (NASDAQ:DEEP) April 19 at $15.00; recently $5.85 or -61.00%.   
  • ZBB Energy Corp (AMEX:ZBB) June 15 at $6.00; recently $2.40 or -60.00%.
  • Bigband Networks (NASDAQ:BBND) March 14 at $13.00; recently $5.55 or -57.31%.
  • Meruelo Maddux Prop. (NASDAQ:MMPI) Jan. 24 at $10.00; recently $4.36 or -56.40%.   
  • Glu Mobile (NASDAQ:GLUU) March 21 at $11.50; $5.07 or -55.91%.
  • ImaRx Therapeutics (NASDAQ:IMRX) July 25 at $5.00; recently $2.23 or -55.40%.
  • GSI Technology (NASDAQ:GSIT) March 28 at $5.50; $2.51 or -54.36%.
  • Xinhua Finance Media (NASDAQ:XFML) March 8 at $13.00; recently $6.18 or -52.46%.
  • Pinnacle Gas Resources (NASDAQ:PINN) May 14 at $9.00; recently $4.30 or -52.22%.   
  • Limelight Networks (NASDAQ:LLNW) June 7 at $15.00; recently $7.29 or -51.40%.

Jon C. Ogg
December 26, 2007

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Posted on: December 26, 2007 – 7:54 am in HI/LOW, IPOs, , , , , , , , , , ,