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 Dyax Corp. (NASDAQ:DYAX), Inovio Pharmaceuticals Inc (NYSEMKT:INO).
Dyax Corp. (NASDAQ:DYAX) shares decreased 5.11% to $6.31. The company on Oct. 9 announced the pricing of an underwritten public offering of 9,230,770 shares of its common stock, offered at a price to the public of $6.50 per share. The gross proceeds to Dyax from this offering are expected to be $60 million, before deducting the underwriting discount and other estimated offering expenses payable by Dyax. The offering is expected to close on or about October 15, 2013, subject to customary closing conditions.
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Inovio Pharmaceuticals Inc (NYSEMKT:INO) shares gained 0.47% to $2.13. The company announced that Dr. J. Joseph Kim, President and CEO, was invited to participate in a panel discussion at the 12(th) Annual BIO Investor Forum on October 8-9, 2013 at Palace Hotel, San Francisco, CA.
Additionally, the company on Sept. 24 announced the publication of a peer-reviewed paper demonstrating the success of its new DNA plasmid technology in generating therapeutic monoclonal antibodies. In this study in mice, a prototype monoclonal antibody construct encoding for an established anti-HIV monoclonal antibody (VRC01) was created as a DNA plasmid using Inovio's patented DNA optimization technology, including codon/RNA optimization and leader sequence utilization, and delivered with its CELLECTRA® adaptive electroporation device.
Is INO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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