Kolkata, West Bengal -- (SBWIRE) -- 09/16/2013 -- 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 Galena Biopharma Inc (NASDAQ:GALE), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), VIVUS, Inc.(NASDAQ:VVUS).
Galena Biopharma Inc (NASDAQ:GALE) shares decreased 14.91% to $1.94. The company on Sept. 12 announced that it intends to offer shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering. The shares of common stock and warrants to purchase common stock are being offered as units. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Oppenheimer & Co. Inc. is acting as sole book-running manager for the proposed offering.
Should Investors Buy GALE After Yesterday’s Jump? Find Out Here
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock jumped 3.24% to $6.06. The company on August 28 announced the completion of a Phase 1b clinical trial for APD811, an investigational oral prostacyclin (IP) receptor agonist intended for the treatment of pulmonary arterial hypertension (PAH). The company plans to initiate a Phase 2 clinical trial for APD811 in the first quarter of 2014.
Additionally, the company announced that the company was scheduled to present a corporate overview at the Bank of America Merrill Lynch Global Healthcare Conference on Friday, September 13, 2013, at 1:45 p.m. British Summer Time (5:45 a.m. Pacific Time), at the Bank of America Merrill Lynch Financial Centre in London, England.
How Should Investors Trade ARNA After The Recent Volatility? Get Free Trend Analysis Here
VIVUS, Inc.(NASDAQ:VVUS) shares declined 0.25% to $10.12. 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.
Zook started as CEO on July 22 after shareholders First Manhattan Co. and Sarissa Capital Management LP ousted former chief Leland Wilson when they won control of the board. Fischer’s mandate will be the same as Zook’s: expanding use of the obesity drug Qsymia, finding a marketing partner, getting to market in Europe and cutting costs.
Is VVUS A Good Buy After The Recent Price Movement? Find Out Here
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