Orlando, FL -- (SBWIRE) -- 10/10/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Celldex Therapeutics, Inc. (NASDAQ:CLDX), Novavax, Inc. (NASDAQ:NVAX).
Celldex Therapeutics, Inc. (NASDAQ:CLDX) shares declined 11.23% to $25.70. The company announced that Anthony Marucci, President and Chief Executive Officer, and Tibor Keler, PhD, Senior Vice President and Chief Scientific Officer, presented at the Leerink Swann Rare Disease Roundtable on Wednesday, October 2, 2013 at 3:20 p.m. ET at the Le Parker Meridien in New York City.
Additionally, Equities research analysts at Leerink Swann boosted their price target on shares of CLDX to $45.00 in a research note issued to investors on Sept. 23..
Are investors worried about the recent updates with CLDX? Find out with a free trend analysis HERE
Novavax, Inc. (NASDAQ:NVAX) shares declined 7.52% to $2.83. The company on Oct. 7 announced that enrollment has begun in a Phase 2 dose-confirmatory clinical trial of its respiratory syncytial virus (RSV) vaccine candidate in women of childbearing age.
This randomized, blinded, placebo-controlled Phase 2 study will evaluate the immunogenicity and safety of multiple formulations of Novavax' RSV-F protein nanoparticle vaccine candidate with aluminum phosphate as an adjuvant. The study is scheduled to enroll 720 women of childbearing age who will receive either one or two intramuscular injections at each dose level of vaccine or placebo at days 0 and 28.
Additionally, the company on Sept. 24 announced that it has priced an underwritten public offering of 27,693,000 shares of common stock at a price of $3.14 per share, the closing price of the stock on the previous day, for gross proceeds of approximately $87.0 million. Novavax expects to receive net proceeds, after deducting the underwriting discount, of approximately $82.6 million from the offering.
Is NVAX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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