Kolkata, West Bengal -- (SBWIRE) -- 09/10/2013 -- 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 Orexigen Therapeutics, Inc. (NASDAQ:OREX), Medical Marijuana Inc (PINK:MJNA), Federal National Mortgage Association(OTC:FNMA).
Orexigen Therapeutics, Inc. (NASDAQ:OREX) shares jumped 2.05% and closed at $6.98 in the last trading session. The company announced that management will present a company overview at the Bank of America Merrill Lynch Global Healthcare Conference in London. The presentation is scheduled for Thursday, September 12(th) at 9:30 a.m. London Time.
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Additionally, the company on August 27 announced that the Light Study independent Data Monitoring Committee has recently confirmed that sufficient major adverse cardiovascular events (MACE) are expected to occur within the next two months, enabling the interim analysis to be conducted by early December and the potential resubmission of the Contrave New Drug Application (NDA) by year end.
Moreover, the company on August 6 announced business and financial results for the second quarter ended June 30, 2013. For the three months ended June 30, 2013, Orexigen reported a net loss of $18.2 million, or $0.19per share, as compared to a net loss of $16.7 million, or $0.25per share, for the second quarter of 2012.
Medical Marijuana Inc (PINK:MJNA) shares gained 3.90% and closed at $0.160. The company on August 29 inform shareholders and the general public that HempMedsPX--a corporate portfolio company of Medical Marijuana Inc. and the exclusive master distributor and contracted marketing company for CannaVest Corp. and Medical Marijuana Inc.--will be exhibiting at the New York Wholesale Expo at the Javits Center in New York City from September 8-9, 2013.
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Additionally, the company on August 21 announce to shareholders and the general public that The Depository Trust Company (DTC) has determined, effective immediately, to lift the deposit transaction restriction ("chill") and has resumed accepting deposits.
Moreover, CanChew Biotechnologies, a joint venture company with MJNA, on August 22 announce that they have signed an exclusive distributorship agreement with ARITEX AG, a Switzerland-based distributor for nutraceutical products in Russia and the Commonwealth of Independent States (CIS).
Federal National Mortgage Association(OTC:FNMA) shares declined 0.81% to $1.23. The company on Sept. 4 said it is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers. Executives at Washington-based Fannie Mae (FNMA), which bought or guaranteed $468 billion of residential mortgages in the first half of the year, will discuss its credit-risk management practices on an invitation-only web conference for investors that was set to start at 12:30 p.m. today, according to an online posting.
Additionally, the company on August 26 said it plans to sell $2.0 billion of benchmark bills on Wednesday. The sale will include $1.0 billion of three-month bills, due Nov. 27, 2013, and $1.0 billion of six-month bills, due Feb. 26, 2014. Settlement is Aug. 28-29.
Moreover, the company on August 21 said its full-year forecasts for both the economy and housing market remain on track, as economic growth continues to gain momentum despite a slow start to 2013. The company backed its expectations for gross-domestic product growth, continuing to predict about 2% growth for 2013 and 2.6% growth for 2014.
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