Orlando, FL -- (SBWIRE) -- 08/30/2013 -- 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 Invivo Therapeutics Holdings Corp (OTCBB:NVIV), Affymax, Inc.(NASDAQ:AFFY).
Invivo Therapeutics Holdings Corp (OTCBB:NVIV) shares declined 14.04% to $1.47 in the last trading session. The company on August 27 said it has to push back the first human trial of its experimental treatment of spinal cord injuries. The company said the Food and Drug Administration wants to stagger each patient's enrollment by three months. Based on this timeline, the company expects it will take 21 months to enroll all five patients in the test of its biopolymer scaffold device.
Additionally, The Board of Directors of InVivo Therapeutics Holdings Corp. (NVIV) on August 22 announced that Francis M. Reynolds has resigned from his positions as Chairman, CEO and CFO of the company due to his medical condition. The Board has appointed Michael J. Astrue as interim CEO and Sean Moran, the company’s Director of Finance, as acting CFO, effective immediately.
Are investors worried about the recent updates with NVIV? Find out with a free trend analysis HERE
Affymax, Inc.(NASDAQ:AFFY) shares gained 9.06% and closed at $1.71. As previously announced, on May 28, 2013, Affymax, Inc. (the “Company”) received a determination letter (the “Determination Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) delisting the Company’s common stock from Nasdaq as of June 6, 2013. Effective on that date, its common stock was immediately eligible for and now trades for quotation on the OTCQB, an electronic quotation service operated by OTC Markets Group Inc. for eligible securities traded over-the-counter.
Is AFFY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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