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Synergy Pharma (SGYP) Pops as Chairman Buys More Shares

June 14, 2013 12:31 PM EDT
Synergy Pharmaceuticals (NASDAQ: SGYP) is popping higher Friday following disclosure of a new insider purchase.

According to a Form 4 filed with the U.S. SEC, Chairman Gabriel Cerrone disclosed purchasing 8,000 shares of Synergy at $4.42 today. Following the purchase, Cerrone holds 906,873 indirectly and 187,470 directly.

Shares of Synergy are up 6.4 percent.


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