Unusual 11 Mid-Day Movers 04/02: (WG) (DRL) (WWIN) Higher; (KERX) (AEZS) (OPHC) Lower
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Keryx Biopharmaceuticals, Inc. (Nasdaq: KERX) 65.9% LOWER; reported today that the Phase 3 "X-PECT" (Xeloda + Perifosine Evaluation in Colorectal cancer Treatment) clinical trial evaluating perifosine (KRX-0401) + capecitabine (Xeloda) in patients with refractory advanced colorectal cancer did not meet the primary endpoint of improving overall survival versus capecitabine + placebo.
Æterna Zentaris (Nasdaq: AEZS) 64.1% LOWER; KRX-0401 (perifosine) is in-licensed by Keryx from AeternaZentaris Inc. in the United States, Canada and Mexico.
OptimumBank Holdings (Nasdaq: OPHC) 31% LOWER; shares opened about 8 percent lower and then dipped below $3. OptimumBank filed its 10-K late Friday, giving investors a good look into ops over the weekend. In one passage, OptimumBank reported: "In the fourth quarter of 2011, the Company entered into an agreement with Moishe Gubin, Chairman of our board of directors, to sell 6,750,000 shares to Mr. Gubin at a price of $.40 per share, for a total of $2.7 million. The transaction is subject to approval by the Federal Reserve Board of Governors and the OFR and is scheduled to close on or before June 30, 2012. This amount is expected to be sufficient to allow the Bank to meet the capital requirements of the Consent Order at the time of the closing of the transaction. We also expect that we will need to raise additional capital in the future in order to grow our banking operations and to implement our business plan."
Willbros Group, Inc. (NYSE: WG) 30% HIGHER; settles litigation related to West Africa Gas Pipeline Co, sees operating loss of $46 million during Q4. Sees Q4 sales $404.9 million, vs. the Street estimate of $388.5 million. Sees FY12 sales of $1.7-$1.9 billion, vs. the analyst estimate of $1.79 billion. Click here to see the full report.
AVI BioPharma, Inc. (Nasdaq: AVII) 28% LOWER; announced that treatment with eteplirsen met the primary efficacy endpoint in a randomized, double-blind, placebo-controlled Phase IIb study in boys with Duchenne muscular dystrophy (DMD). Eteplirsen administered once weekly at 30mg/kg over 24 weeks resulted in a statistically significant (p d 0.002) increase in novel dystrophin (22.5% dystrophin-positive fibers as a percentage of normal) compared to no increase in the placebo group.
Doral Financial (NYSE: DRL) 18.2% HIGHER; filed its 10-K late Friday. In the filing, the company said the reclassification of a previously reported tax overpayment will result in a significant boost to its capital levels. Volume on the session is strong Monday as shares moved above the $1.70 price level.
Winner Medical Group (Nasdaq: WWIN) 17.6% HIGHER; has received a preliminary, non-binding proposal from its chairman and chief executive officer, Mr. Jianquan Li. Li proposes to acquire all of the outstanding shares of the Company's common stock not currently owned by him and his wife, Ms. Ping Tse, at a proposed price of $4.30 per share in cash as part of a going private transaction. Mr. and Mrs. Li currently beneficially own approximately 73.95% of the Company's common stock.
Avon Products (NYSE: AVP) 16.3% HIGHER; Coty announced a $23.25 per share cash bid for the company.
Theravance, Inc. (Nasdaq: THRX) 15.5% HIGHER; GlaxoSmithKline plc (NYSE: GSK) and Theravance have entered into a stock purchase agreement, under which Theravance will issue, and GSK will acquire, 10,000,000 shares of Theravance common stock at a price of $21.2887 per share, for a total investment of $212,887,000.
Central European Media Enterprises (Nasdaq: CETV) 16.4% HIGHER; could be moving along with KIT digital (Nasdaq: KITD). Check out Canaccord Geniuty's take on the recent action. Shares appear to be holding over the 200-day SMA, $7.50 and $8 technical levels today.
Sino Clean Energy, Inc. (Nasdaq: SCEI) 15.2% LOWER; reported Q4 EPS of $0.15. Revenue for the quarter came in at $28 million. Sees FY2012 EPS of $1.35-$1.54. Sino Clean Energy sees FY2012 revenue of $150-$168 million.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Æterna Zentaris (Nasdaq: AEZS) 64.1% LOWER; KRX-0401 (perifosine) is in-licensed by Keryx from AeternaZentaris Inc. in the United States, Canada and Mexico.
OptimumBank Holdings (Nasdaq: OPHC) 31% LOWER; shares opened about 8 percent lower and then dipped below $3. OptimumBank filed its 10-K late Friday, giving investors a good look into ops over the weekend. In one passage, OptimumBank reported: "In the fourth quarter of 2011, the Company entered into an agreement with Moishe Gubin, Chairman of our board of directors, to sell 6,750,000 shares to Mr. Gubin at a price of $.40 per share, for a total of $2.7 million. The transaction is subject to approval by the Federal Reserve Board of Governors and the OFR and is scheduled to close on or before June 30, 2012. This amount is expected to be sufficient to allow the Bank to meet the capital requirements of the Consent Order at the time of the closing of the transaction. We also expect that we will need to raise additional capital in the future in order to grow our banking operations and to implement our business plan."
Willbros Group, Inc. (NYSE: WG) 30% HIGHER; settles litigation related to West Africa Gas Pipeline Co, sees operating loss of $46 million during Q4. Sees Q4 sales $404.9 million, vs. the Street estimate of $388.5 million. Sees FY12 sales of $1.7-$1.9 billion, vs. the analyst estimate of $1.79 billion. Click here to see the full report.
AVI BioPharma, Inc. (Nasdaq: AVII) 28% LOWER; announced that treatment with eteplirsen met the primary efficacy endpoint in a randomized, double-blind, placebo-controlled Phase IIb study in boys with Duchenne muscular dystrophy (DMD). Eteplirsen administered once weekly at 30mg/kg over 24 weeks resulted in a statistically significant (p d 0.002) increase in novel dystrophin (22.5% dystrophin-positive fibers as a percentage of normal) compared to no increase in the placebo group.
Doral Financial (NYSE: DRL) 18.2% HIGHER; filed its 10-K late Friday. In the filing, the company said the reclassification of a previously reported tax overpayment will result in a significant boost to its capital levels. Volume on the session is strong Monday as shares moved above the $1.70 price level.
Winner Medical Group (Nasdaq: WWIN) 17.6% HIGHER; has received a preliminary, non-binding proposal from its chairman and chief executive officer, Mr. Jianquan Li. Li proposes to acquire all of the outstanding shares of the Company's common stock not currently owned by him and his wife, Ms. Ping Tse, at a proposed price of $4.30 per share in cash as part of a going private transaction. Mr. and Mrs. Li currently beneficially own approximately 73.95% of the Company's common stock.
Avon Products (NYSE: AVP) 16.3% HIGHER; Coty announced a $23.25 per share cash bid for the company.
Theravance, Inc. (Nasdaq: THRX) 15.5% HIGHER; GlaxoSmithKline plc (NYSE: GSK) and Theravance have entered into a stock purchase agreement, under which Theravance will issue, and GSK will acquire, 10,000,000 shares of Theravance common stock at a price of $21.2887 per share, for a total investment of $212,887,000.
Central European Media Enterprises (Nasdaq: CETV) 16.4% HIGHER; could be moving along with KIT digital (Nasdaq: KITD). Check out Canaccord Geniuty's take on the recent action. Shares appear to be holding over the 200-day SMA, $7.50 and $8 technical levels today.
Sino Clean Energy, Inc. (Nasdaq: SCEI) 15.2% LOWER; reported Q4 EPS of $0.15. Revenue for the quarter came in at $28 million. Sees FY2012 EPS of $1.35-$1.54. Sino Clean Energy sees FY2012 revenue of $150-$168 million.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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