Stock Price Ready for a Breakout (KERX, FURX, RSH, GLUU)

Los Angelas, CA -- (SBWIRE) -- 01/29/2013 -- Keryx Biopharmaceuticals’ (NASDAQ:KERX): It has been a volatile year for Keryx Biopharmaceuticals: The stock had fallen from $5.00 to $1.50 early in 2012 after top-line data for its drug Perifosine did not meet expectations. However, on Monday the stock is higher by more than 40% after announcing that its other drug, Zerenex, a kidney disease drug, met its late-stage trial goal with the FDA. The company is now seeking a marketing authorization with the EMA and is expected to submit a new drug application to the FDA later this year.

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Furiex Pharmaceuticals (NASDAQ:FURX) gets a big approval, Shares of Furiex Pharmaceuticals rallied almost 50% after clearance from the FDA for a substance, alogliptin, and two combinations that aid in the treatment of Type 2 diabetes. Furiex has partnered with Takeda Pharmaceuticals, and now that the approval has occurred, Furiex is eligible to receive a milestone payment of $25 million. Furiex is also poised to receive royalties and sales-based milestone payments. Most expect the drug to benefit from a large patient population of Type 2 diabetes, and could lead to over $1 billion in total sales. Therefore, Furiex with a $315 million market cap is attractive as a potential investment for larger long-term gains.

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RadioShack Corp. (NYSE:RSH), the electronics retailer seeking a new chief executive officer, climbed the most in more than five years. RadioShack advanced 22 percent to $3.22 at the close in New York, the biggest gain since July 7, 2006. The shares gained 14 percent Jan. 25. RadioShack tumbled 78 percent last year as the company posted three straight quarterly losses and suspended its dividend. The company has been seeking a new chief executive officer since September, when James Gooch stepped down and Chief Financial Officer Dorvin Lively took on the additional duties of interim CEO. Bruce Bishop, a spokesman for the Fort Worth, Texas-based company, didn’t immediately return a telephone message and e- mail seeking comment.

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Glu Mobile (NASDAQ:GLUU) has just announced that a sequel to their rather popular top-down arcade shooter Gun Bros will be arriving soon on Google Play. Appropriately named Gun Bros 2, Glu Mobile has decided to announce this sequel by releasing a cinematic trailer for this upcoming game. While the trailer doesn't show any of the gameplay that will be arriving when Gun Bros 2 is released, it does go over some of the characters and future enemies that you'll be shooting in the face relentlessly with a plethora of weapons. Unfortunately we don't have any other details about Gun Bros 2 just yet but Glu Mobile is planning on releasing additional details in the coming weeks. We are pretty sure though that it will come with multiplayer at launch this time. When they do we will be sure to post an update.

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