Annual Changes to the NASDAQ Biotechnology Index

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Inovio Pharma (INO) Appoints New VP of Clinical Development, Oncology

December 17, 2014 8:00 AM EST

Inovio Pharma (NASDAQ: INO) announced the appointment of Zane Yang, M.D. as Vice President, Clinical Development, Oncology. In this position, he will be responsible for advancing Inovio's oncology portfolio of DNA immunotherapies through clinical trials to commercialization. He will report to Dr. Mark Bagarazzi, Inovio's Chief Medical Officer.

Inovio is planning a phase III trial for its immunotherapy for a pre-cancer, known as cervical... More

Alimera Sciences (ALIM) Closes $50M Financing Arrangement with Deerfield

December 15, 2014 8:59 AM EST

Alimera Sciences (Nasdaq: ALIM) announced that it has closed its offering of Series B Preferred Stock with Deerfield Management and certain of its affiliates (Deerfield). Alimera issued Deerfield an aggregate of 8,291.873 shares of Series B Preferred Stock for a purchase price of $6,030.00 per share, or an aggregate purchase price of approximately $50.0 million. Each share of Series B Preferred Stock is convertible into 1,000 shares of Alimera's common stock at any time at the option of the holder, provided that the... More