Kolkata, West Bengal -- (SBWIRE) -- 09/19/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on ChemoCentryx Inc(NASDAQ:CCXI), Pacific Coast Oil Trust(NYSE:ROYT), Tower Group International, Ltd.(NASDAQ:TWGP).
ChemoCentryx Inc(NASDAQ:CCXI) suffered through a tough session Wednesday, falling more than 5% after GlaxoSmithKline (GSK) said no thank you to vercirnon, returning all rights to the CCR9 inhibitor.CCXI put as positive a spin on the development as possible, noting that it is pleased to have been given "many degrees of freedom in deciding [the] valuable asset's forward path."
(PR)Nevertheless, GSK "shuttered the three remaining late-stage studies it had mounted" for the Crohn's drug, FierceBiotech says, citing GSK which apparently also stated that vercirnon showed "no efficacy ... with either dose over 12 weeks" in the SHIELD-1 trial.
Should Investors Buy CCXI After Yesterday’s Jump? Find Out Here
Pacific Coast Oil Trust(NYSE:ROYT) -5.8% AH after announcing a public offering of 13.5M trust units by parent Pacific Coast Energy and other selling unitholders.PCEC plans to use the net proceeds from the sale of its trust units to pay down debt; the trust will not sell any trust units and will not receive any proceeds.
How Should Investors Trade ROYT After The Recent Volatility? Get Free Trend Analysis Here
Tower Group International, Ltd.(NASDAQ:TWGP) ends a dismal day with a downgrade from Sidoti to Neutral from Buy. Shares collapsed earlier after FBR downgraded the the insurer on the belief that a forthcoming reserve charge could be worse than anticipated.
Is TWGP A Good Buy After The Recent Price Movement? Find Out Here
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