Orlando, FL -- (SBWIRE) -- 09/30/2013 -- 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 Zalicus Inc(NASDAQ:ZLCS), Applied Materials, Inc.(NASDAQ:AMAT).
Zalicus Inc(NASDAQ:ZLCS) shares increased 26.83% to $0.970. The company on Sept. 27 announced that Z160, its first-in-class, oral, state-dependent, selective N-type calcium channel (Cav 2.2) modulator in development for chronic neuropathic pain has received Orphan Drug designation from the U.S. Food and Drug Administration (FDA) for the management of postherpetic neuralgia. Postherpetic neuralgia (PHN) is a painful neuropathic condition resulting from an outbreak of the herpes zoster virus, otherwise known as shingles.
Additionally, the company on Sept. 9 announced that it has initiated a Phase 1b clinical study with Z944, its novel oral T-type calcium channel blocker, in an experimental clinical model of neuropathic pain using Laser-Evoked Potentials (LEP). Results from the LEP study are expected in the fourth quarter 2013.
Are investors worried about the recent updates with ZLCS? Find out with a free trend analysis HERE
Applied Materials, Inc.(NASDAQ:AMAT) shares dropped 0.96% to $17.60. The company will buy rival Tokyo Electron Ltd in an all-share deal, creating a company with a combined stock market value of $29 billion, the two said on Sept. 24. The surprise move is expected to strengthen their position in a maturing industry where growth opportunities have become harder to find.
Additionally, the company on Sept. 9 announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company`s common stock. The dividend is payable on December 12, 2013 to stockholders of record as of November 21, 2013.
Is AMAT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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