Price and Volume Movers
Adamas Pharmaceuticals, Inc. (Nasdaq:ADMS) announced that the FDA has accepted its New Drug Application (NDA) for ADS-5102, for the treatment of levodopa-induced dyskinesia (LID) in patients with Parkinson’s disease. The PDUFA date is August 24, 2017. Shares closed up 5% to $19.02 on 4x average volume.
Shares of nano-cap EnteroMedics Inc (NASDAQ:ETRM) soared for the second consecutive day to close up 131% to $9.19 on 35x average volume for a two-day gain of 340%. Given that volume today was approximately 15x its share float, most of the trading action today can be attributed to day traders. The catalyst for the surge was an update on Thursday, albeit very minor, that its vBlocweight loss device “has now been implanted at two additional vBloc Institutes.”
Shares of Zafgen Inc (NASDAQ:ZFGN) closed up 25% to $4.18 on 28x average volume. JMP Securities raised ts rating for the company from Market Perform to Market Outperform with a price target of $8.
Stemline Therapeutics Inc (NASDAQ:STML), which announced after-hours on Thursday that it should be in a position to submit a Biologics License Application (BLA) filing for SL-401 for the treatment of blastic plasmacytoid dendritic cell neoplasm (BPDCN) in 2H 2017, saw its shares close up 14% to $12.90 on 6x average volume.
OncoGenex Pharmaceuticals Inc (NASDAQ:OGXI) shares closed up 21% to $0.70 on 17x average volume. The company announced after hours on Thursday that it intends to form a reverse merger with Achieve Life Science, Inc, leaving its shareholders with a 25% share of the newly formed company.
Neuralstem, Inc. (Nasdaq:CUR) announced a 1-for-13 reverse stock split will become effective after the close of trading on Friday, January 6, 2017. Shares of the company closed down 2% to $0.308 on 5x average volume.
Other major price movers (+10%):
Pernix Therapeutics Holdings Inc (NASDAQ:PTX): $2.93; +29%; 7x average volume.
Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR): $1.96; +23%; 1.5x average volume.
Pacira Pharmaceuticals Inc (NASDAQ:PCRX): $40.05; +17%; 5x average volume.
Cempra Inc (NASDAQ:CEMP): $3.75; +15%; 1.5x average volume.
Calithera Biosciences Inc (NASDAQ:CALA): $4.45; +13%; 1.5x average volume.
Delcath Systems, Inc. (NASDAQ:DCTH): $0.58; -29%; 12x average volume.
Orexigen Therapeutics, Inc. (NASDAQ:OREX): $3.38; -11%; 4x average volume.
Full pipeline updates below: