Notable 52-Week Highs and Lows 9/26: (ARRY) (GWPH) (ARIA) High; (ACOR) (GLF) (MNKD) Low

September 26, 2016 2:27 PM EDT

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52-Week High:
  • Array BioPharma (Nasdaq: ARRY) $6.27. Array BioPharma and Pierre Fabre jointly announced top-line results from Part 1 of the Phase 3 COLUMBUS (Combined LGX818 Used with MEK162 in BRAF Mutant Unresectable Skin Cancer) study evaluating LGX818 (encorafenib), a BRAF inhibitor, and MEK162 (binimetinib), a MEK inhibitor, in patients with BRAF-mutant advanced, unresectable or metastatic melanoma. The study met its primary endpoint, significantly improving progression free survival (PFS) compared with vemurafenib, a BRAF inhibitor, alone.

  • GW Pharmaceuticals plc (Nasdaq: GWPH) $126.47. GW Pharmaceuticals announces positive results of the second randomized, double-blind, placebo-controlled Phase 3 clinical trial of its investigational medicine Epidiolex (cannabidiol or CBD) for the treatment of seizures associated with Lennox-Gastaut syndrome (LGS), a rare and severe form of childhood-onset epilepsy.

  • ARIAD Pharmaceuticals (Nasdaq: ARIA) $13.98. Leerink Partners initiates coverage on ARIAD Pharma with a Outperform rating and a price target of $20.
52-Week Low:
  • Acorda Therapeutics, Inc. (Nasdaq: ACOR) $22.92. The Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce has today confirmed that Acorda Therapeutics, Inc. (Nasdaq: ACOR) has the right to redeem the minority shares in Biotie Therapies Corp. and that Acorda has the right to obtain title to the minority shares by lodging a security approved by the Arbitral Tribunal for the payment of the redemption price and the interest accruing thereon.

  • Gulfmark Offshore Inc. (NYSE: GLF) $1.55. LSC Communications Inc. and Donnelley Financial Solutions Inc. will be added to the S&P SmallCap 600 after the close of trading on Friday, September 30 replacing Gulfmark Offshore Inc. and Bonanza Creek Energy Inc. respectively, which will be removed from the S&P SmallCap 600 after the close of trading on Monday, October 3.

  • MannKind (Nasdaq: MNKD) $. MannKind continuing lower from last Friday after disclosing: On September 14, 2016, MannKind Corporation (the “Company”) received a letter from The Nasdaq Stock Market (the “Nasdaq Letter”) indicating that for 30 consecutive business days the Company’s common stock had not maintained a minimum closing bid price of at least $1.00 per share (the “Minimum Bid Price Requirement”) as required by Nasdaq Listing Rules.



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