Boston, MA -- (SBWIRE) -- 09/10/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (VIVUS, Inc.(NASDAQ:VVUS), MannKind Corporation(NASDAQ:MNKD), ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), Smith & Wesson Holding Corporation (NASDAQ:SWHC)
VIVUS, Inc.(NASDAQ:VVUS) shares declined 0.36% to $10.92. The company on Sept. 4 said new Chief Executive Officer Tony Zook has resigned because of health reasons. Seth H. Z. Fischer, formerly with Johnson & Johnson (JNJ), will replace Zook immediately, the Mountain View, California-based company said in a statement.
Additionally, the company on August 6 reported its financial results for the quarter ended June 30, 2013. Net product revenue from sales of Qsymia in the first half of 2013 was $9.6 million. For the six months ended June 30, 2013, we reported a net loss of $109.1 million, or $1.08 net loss per share, as compared to a net loss of $42.8 million, or $0.45 net loss per share during the first half of 2012.
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MannKind Corporation(NASDAQ:MNKD) shares jumped 2.05% to $5.98. The company on August 14 reported positive preliminary results from Study 171, a Phase 3 clinical study of AFREZZA Inhalation Powder, an investigational, ultra rapid-acting mealtime insulin therapy, administered using MannKind's next-generation (Gen2) inhaler (also known as the Dreamboat™ inhaler), in patients with type 1 diabetes.
Additionally, the company will present at The Morgan Stanley Global Healthcare Conference on Tuesday, September 10, 2013 at 3:30 PM (ET) at the Grand Hyatt Hotel in New York City.
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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares climbed 6.45% to $22.79. The company on August 19 announced the appointment of Terrence Moore as Executive Vice President and Chief Commercial Officer, effective today. Mr. Moore reports to ACADIA's Chief Executive Officer, Uli Hacksell, Ph.D., and will be responsible for leading ACADIA's commercial activities.
Additionally, the company on August 6 reported a net loss of $9.1 million, or $0.11 per common share, for the second quarter of 2013 compared to a net loss of $5.4 million, or $0.10 per common share, for the second quarter of 2012.
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Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares gained 3.20% to $10.64. The company on Sept. 5 announced financial results for the fiscal first quarter ended July 30, 2013. Net sales for the first quarter were $171.0 million, up 25.8% from the first quarter last year, as the company continued to operate at maximum production capacity. Income from continuing operations for the first quarter was $26.5 million, or $0.40 per diluted share, compared with net income from continuing operations of $18.9 million, or $0.28 per diluted share, for the first quarter last year.
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