Elan Corporation, plc (ADR) (NYSE:ELN) stock
increased 3.78% to $11.58 after the company announced that Board of Directors
has approved the spin-off of the discovery science and Neotope Biosciences from
the company. Completion of this transaction will create two independent,
focused, public companies that enables investors to align timelines, risk and
returns in order to achieve their investment objectives. The two companies will
be Elan Corporation plc- a focused business that will generate growth;
immediate and long term profits; and expanding margins.
Can
ELN Continue To Move Higher? Get Free Trend Analysis
Horizon Pharma Inc (NASDAQ:HZNP) stock gained 5.78%
to $4.94. On August 10, 2012, the company reported second quarter gross and net
sales were $4.6 million and $3.8 million, respectively, as compared to $1.3
million in gross and net sales for the second quarter of 2011. Net loss for the
quarter was $22.8 million, or $0.68 per share, as compared to a net loss of
$11.6 million, or $7.78 per share in the quarter ended June 30, 2011.
Antares Pharma Inc (NASDAQ:ATRS) stock climbed 5.45%
to $3.87. The shares of ATRS have been downgraded by TheStreet Ratings from
hold to sell. Among the areas, the analysts feel negative is unimpressive
growth in net income over time.
Additionally, the company last week reported a
second-quarter loss of $2.8 million, or $0.03 per share, as compared with a
loss of $1.6 million, or $0.02 per share, in the same period last year.
Analysts expected a loss of $0.02 per share.
Can
ATRS Continue To Move Higher? Get Free Trend Analysis
Hemispherx BioPharma, Inc (NYSEAMEX:HEB) shares
climbed 4.01% to $0.415 in the early hour. On August 8, 2012, the company
announced its financial results for the three months ended June 30, 2012. The
net loss for the period was $3,000,000 or $(0.02) per share, as compared to a
net loss of $2,294,000 or ($0.02) per share for the same period in 2011. The
net comprehensive loss for the period was $2,786,000, as compared to a net
comprehensive loss of $3,389,000 for the same period in 2011.
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