Orlando, FL -- (SBWIRE) -- 10/29/2013 -- 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 Merrimack Pharmaceuticals Inc(NASDAQ:MACK), Theravance Inc(NASDAQ:THRX).
Merrimack Pharmaceuticals Inc(NASDAQ:MACK) shares gained 0.30% and closed at $3.39 in the last trading session. The company on Oct. 15 announced that it will present preclinical research on two novel potential cancer therapies, MM-398 and MM-141, and an innovative platform for biomarker analysis at the 2013 AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics. The conference will take place on October 19-23, 2013 at the Hynes Convention Center in Boston, Massachusetts. Presentations will include preclinical studies of MM-398, a nanolipsomal encapsulated form of irinotecan, and MM-141, a bispecific antibody co-targeting IGF-1R and ErbB3, and their activity in tumor models. Data will be shared in three poster sessions.
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Theravance Inc(NASDAQ:THRX) shares declined 3.61% to $37.66. The company on Oct. 28 announced the appointment of Jeff Jonker as Senior Vice President, Corporate and Business Development. Mr. Jonker will report directly to Rick E Winningham, Chief Executive Officer, and his responsibilities will include managing the Company's business and corporate development efforts.
Additionally, the company on Oct. 24 reported its financial results for the quarter ended September 30, 2013. Revenue for the third quarter of 2013 was $0.4 million. Net loss for the third quarter of 2013 was $47.0 million or $0.44 per diluted share. Cash and cash equivalents, short-term investments and marketable securities totaled $594.5 million as of September 30, 2013.
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