Volume Buzzers: Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM), MEMC Electronic Materials Inc. (NYSE:WFR)

Scottsdale, AZ -- (SBWIRE) -- 02/13/2013 -- In the biotechnology sector, Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) was among active runners on Wednesday as the stock volume was seen topping the regular volume level in first few hours of trading session.

Peregrine Pharmaceuticals (PPHM) on Wednesday reported results from its 70 patient open-label, randomized Phase II clinical trial of bavituximab utilized in combination with gemcitabine in patients with formerly untreated, advanced Stage IV pancreatic cancer.

What does the trial held for Peregrine Pharmaceuticals? Find out here

The trial consisted of the enrollment of patients with advanced metastatic disease containing critical liver involvement and poor performance status linked with swift disease progression.

Results indicated that the combination of bavituximab and gemcitabine caused about over a doubling of overall response rates (ORR) and an enhancement in overall survival (OS) when contrasted with gemcitabine alone (control arm).

We are happy with the outcomes witnessed in this very tough to cure patient population, Kerstin Menander, MD, PhD, head of medical oncology at Peregrine stated about results.

For How Long PPHM’s Gloss will Attract Investors? Find out via this report

Wednesday session is packed with earnings announcements and companies were witnessing upward and downward movement after their earnings call.

The solar sector got an additional boost from a robust reaction from the MEMC Electronic Materials Inc. (NYSE: WFR) earnings announcement.

What made MEMC Electronic to rally to new highs? Find in this report

MEMC announced earnings that were topping experts forecasts. Earnings for the recent quarter came in $0.08 per share, against a breakeven consensus, while revenue declined nearly 9% to $704.3 million. Though sales were lower, the report was not as pessimistic as predicted, as the consensus estimation was nearly $669 million.

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