Orlando, FL -- (SBWIRE) -- 10/03/2013 -- 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 VIVUS, Inc.(NASDAQ:VVUS), Barrick Gold Corporation (USA) (NYSE:ABX).
VIVUS, Inc.(NASDAQ:VVUS) shares climbed 8.64% to $10.19. The company on Sept. 27 announced that Peter Y. Tam will resign as president effective October 12, 2013. During his 20 year tenure at VIVUS, Mr. Tam held a broad range of key management and leadership roles. He was directly responsible for the efforts to secure the rights, develop and gain approval for four of the Company's products.
Additionally, the company on Sept. 20 announced it has submitted to the European Medicines Agency (EMA) a request for scientific advice regarding use of a pre-specified interim analysis from the AQCLAIM cardiovascular outcomes trial (CVOT) to support the resubmission of the marketing authorization application (MAA) for approval in Europe of Qsiva™ for obesity under the centralized procedure. In order to accommodate advice from the European authorities, VIVUS anticipates that patient enrollment for the AQCLAIM study will commence in first quarter 2014.
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Barrick Gold Corporation (USA) (NYSE:ABX) shares gained 2.11% to $18.41. The company on Oct. 1 announced it has completed the divestiture of its Yilgarn South assets ("Yilgarn South") in Western Australia to Gold Fields Limited ("Gold Fields").
The Yilgarn South assets are comprised principally of the Granny Smith, Lawlers and Darlot mines. In aggregate, these mines produced 452,000 ounces in 2012 at all-in sustaining costs (AISC) of $1,137 per ounce and 196,000 ounces in the first half of 2013 at AISC of $1,145 per ounce. Yilgarn South contained proven and probable reserves of 2.6 million ounces, measured and indicated resources of 0.6 million ounces and inferred resources of 1.2 million ounces as at December 31, 2012, respectively.
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