Orlando, FL -- (SBWIRE) -- 10/25/2013 -- 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 Amarin Corporation plc (ADR)(NASDAQ:AMRN), Cell Therapeutics Inc (NASDAQ:CTIC).
Amarin Corporation plc (ADR)(NASDAQ:AMRN) shares fell 1.32% and closed at $2.16. The company on Oct. 22 announced plans to reduce operating expenses by eliminating approximately fifty percent of its staff positions worldwide following the recent recommendation of the U.S. Food and Drug Administration (FDA) Endocrinologic and Metabolic Drugs Advisory Committee against the potential Vascepa(R) (icosapent ethyl) label expansion.
Amarin will continue its dialogue with FDA regarding the ANCHOR data. Given the outcome of the advisory committee meeting, Amarin feels this shift in staffing is the appropriate corporate action. Amarin is grateful to all employees for their significant efforts and contributions to the organization.
Are investors worried about the recent updates with AMRN? Find out with a free trend analysis HERE
Cell Therapeutics Inc (NASDAQ:CTIC) shares closed at $1.83. The company on Oct. 21 announced the presentation of findings from a preclinical study of PIXUVRI® (pixantrone) that suggest its mechanism of inducing tumor cell death is novel and distinct from that of anthracyclines such as doxorubicin. PIXUVRI is a first-in-class aza-anthracenedione with unique structural and physiochemical properties that is currently approved in the European Union for use as a monotherapy for the treatment of adult patients with multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma. The study results were presented by Neil Beeharry, Ph.D., at the Fox Chase Cancer Center during a poster session at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics held October 19-23, 2013 in Boston, MA.
Is CTIC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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