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 Halozyme Therapeutics, Inc. (NASDAQ:HALO), BioMarin Pharmaceutical Inc.(NASDAQ:BMRN).
Halozyme Therapeutics, Inc. (NASDAQ:HALO) shares declined 1.61% to $11.61. The company, on Oct. 15, announced the first patient has been dosed in a closed loop control ("artificial pancreas") clinical study involving Halozyme's recombinant human hyaluronidase being performed by researchers at Yale School of Medicine in patients with type 1 diabetes. The study will compare blood glucose control observed when using lispro (marketed as Humalog(®)), a rapid acting analog insulin, alone versus using hyaluronidase in combination with lispro in two different administration formats. Closed loop systems combine continuous glucose monitoring (CGM) devices that provide around-the-clock feedback about blood glucose levels with insulin pumps allowing insulin to be administered throughout the day based on a patient's needs as provided by the CGM.
Are investors worried about the recent updates with HALO? Find out with a free trend analysis HERE
BioMarin Pharmaceutical Inc.(NASDAQ:BMRN) shares gained 1.07% and closed at $66.95. The company on Oct. 24 announced financial results for the third quarter ended September 30, 2013. GAAP net loss was $53.0 million ($0.38 per diluted share) for the third quarter of 2013, compared to GAAP net loss of $5.4 million ($0.04 per share) for the third quarter of 2012. Non-GAAP adjusted EBITDA loss was $16.7 million for the third quarter of 2013, compared to non-GAAP adjusted EBITDA income of $11.1 million for the third quarter of 2012.
Additionally, the company on Oct. 20 announced that five poster presentations on BMN 673 will be featured at the 2013 AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics in Boston from October 19-23, 2013.
Is BMRN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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