New York, NY -- (SBWIRE) -- 02/04/2013 -- Growing Stock Report initiates NASDAQ Decliners Watch List for the following stocks: Celsion Corp.(NASDAQ:CLSN) and BioLineRx, Ltd. (NASDAQ:BLRX).
Celsion Corp.(NASDAQ:CLSN) an oncology drug development company that engages in the development and commercialization of targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. The biggest headlines for CLSN last Friday, at least in the world of biotech, were mostly about the huge disappointment given by Celsion's (NASDAQ: CLSN) product Thermodox in phase III trials for the treatment of hepatocellular carcinoma. While Celsion is developing Thermodox for a number of indications, investors are now rightfully worried that the actual mechanism behind the product's efficacy is flawed. This is why it's not surprising that CLSN dropped (-11.36%) as of this writing and also dropped (-88.03%) from its 52-week high. This has prompted Growing Stock Report to add CLSN to their NASDAQ Decliners Watch List.
Click Here to find out what The Street and other Investors are saying about Celsion Corp.
BioLineRx, Ltd. (NASDAQ:BLRX) a clinical stage biopharmaceutical development company that together with its subsidiaries, engages in identifying, in licensing, and developing therapeutic candidates. BioLineRx’s current portfolio consists of six clinical stage candidates. As of this writing BLRX is down (-14.74%). It is also down (-31.74%) from its 52-week high which prompted Growing Stock Report to add BLRX to their NASDAQ Decliners Watch List.
Click Here to see what other investors are saying about BioLineRx, Ltd.
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