Orlando, FL -- (SBWIRE) -- 09/10/2013 -- 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 FreeSeas Inc. (NASDAQ:FREE), Biodel Inc (NASDAQ:BIOD).
FreeSeas Inc. (NASDAQ:FREE) shares soared 38.27% and closed at $0.271. The company on August 5 announced that the previously announced agreement (the "Agreement") among Deutsche Bank Nederland N.V.(the "Bank"), the Company, various wholly-owned subsidiaries of the Company and Hanover Holdings I, LLC (the "Investor") is effective with the deposit of $2,539,657 into an escrow account. The Bank, the Investor and the Company are committed for a smooth execution of the transaction as per terms of the Agreement.
Additionally, the company on July 10 announced that it has entered into a agreement (the "Agreement") among Deutsche Bank Nederland N.V. ( "Deutsche Bank"), the Company, various wholly-owned subsidiaries of the Company and with a Magna Group affiliate fund, Hanover Holdings I, LLC (the "Investor"), headquartered in New York, NY.
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Biodel Inc (NASDAQ:BIOD) stock closed at $3.53. The company on Sept. 8 announced preliminary results from Study 3-201, a Phase 2 clinical study of BIOD-123, an investigational ultra-rapid-acting mealtime insulin, in patients with type 1 diabetes. BIOD-123 achieved the primary endpoint of non-inferiority for HbA1c relative to insulin lispro, a widely prescribed rapid acting mealtime insulin analog marketed as Humalog(R).
Additionally, the company on August 12 reported financial results for the third fiscal quarter ended June 30, 2013. The company reported a net loss for the three months ended June 30, 2013 of $9.6 million, or $0.66 per share of common stock, compared to a net loss of $6.1 million, or $0.52 per share of common stock, for the same period in the prior year.
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