Orlando, FL -- (SBWIRE) -- 08/16/2013 -- 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 Inovio Pharmaceuticals Inc (NYSEMKT:INO), Transurban Group (ASX:TCL).
Inovio Pharmaceuticals Inc (NYSEMKT:INO) shares increased 5.30% to $1.59. The company on August 15 announced that its SynCon® DNA vaccine containing multiple malaria antigens delivered via its CELLECTRA® electroporation device demonstrated strong and durable antibody and T-cell immune responses in small animals and non-human primates. With these strong preclinical results, Inovio plans to initiate a phase I/IIa clinical trial next year.
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Additionally, the company on August 9 reported second-quarter net loss to common stock of $11 million or $0.06 per share, compared with $4 million or $0.03 per share last year. Revenues for the quarter were $0.8 million, compared with $0.4 million in the prior year. Analysts estimated a loss of $0.04 per share on revenues of $1.07 million for the quarter.
Transurban Group (ASX:TCL) shares declined 0.36% to $6.86 in the last trading session. The company on August 1 said its annual profit more than tripled as traffic volumes grew on its Australian toll roads, while the previous year's result was blighted by a writedown on a troublesome U.S. asset. Net profit for the year to June 30 grew to 171.7 million Australian dollars (US$153.6 million), up from A$54.9 million in the previous year.
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Additionally, the company is engaged in the business of development, operation and maintenance of toll roads. The Company has three geographic segments: Victoria, Australia; New South Wales, Australia and the United States of America (USA). The tolling businesses of Roam and Tollaust have also been included in the New South Wales operating segment.
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