Chelsea Therapeutics International Ltd (NASDAQ:CHTP) gained accelerated approval from the U.S. Food and Drug Administration (FDA) for Northera for the treatment of symptomatic neurogenic orthostatic hypotension (NOH). Chelsea Therapeutics expects to launch Northera in the second half of 2014. Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) stock opened at $6.65 in last session, and closed at $6.16, while the day range of stock is $5.95 – $6.83. The stock showed a positive weekly performance of 18.69%.
After the FDA lifted the temporary ban on the sale of leukemia drug Iclusig from Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), the stock has been seeing growing investor interest. The prospects are seen in the revenue opportunity brought about by Iclusig. Although the drug currently has a small market according to the latest available data showing the number of patients that could use it, the high cost of drug and its efficacy might just as well lead to significant revenue. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) stock opened at $8.81, in last session and closed at $8.60, by losing -2.16%. The 52 week range of the stock is $2.15 – $23.00. Company’s market capitalization is $1.60 billion.
San Diego-based CURx Pharmaceuticals has entered into a global license agreement with Gilead Sciences Inc (Nasdaq: GILD) for the development of Fosfomycin: Tobramycin for Inhalation (FTI) to treat Pseudomonas aeruginosa lung infection in cystic fibrosis patients. Gilead Sciences, Inc. (NASDAQ:GILD) stock decreased -1.32% and finished the last session at $82.70. The EPS of the stock remained 1.83. Company’s market capitalization is $126.90 billion.
MannKind Corp. (NASDAQ:MNKD) released its earnings data on Tuesday. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.02, American Banking and Market News reports. MannKind Corporation (NASDAQ:MNKD) stock opened the session at $5.79, and closed the session at $5.91. The 52 week range of the stock remained $2.46 -$8.70 and the day range was $5.70 – $6.18.