Newman Ferrara LLP is investigating potential claims against the board of directors of Furiex Pharmaceuticals Inc (NASDAQ:FURX) concerning the proposed sale of Furiex to Forest Laboratories Inc. (“Forest”) (NYSE:FRX). Furiex Pharmaceuticals Inc (NASDAQ:FURX) has entered into an agreement and plan of merger to be acquired by Forest pursuant to which, Furiex shareholders will receive only $95.00 in cash for each share of Furiex stock owned. The proposed deal also includes a Contingent Value Right of up to $360 million that may be payable based on the status of eluxadoline, as a controlled drug following approval.Furiex Pharmaceuticals Inc (NASDAQ:FURX) stock opened today at $103.10 and is currently trading at $102.90. The stock showed a positive weekly performance of 1.89%.
GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) announced that the United States Food and Drug Administration (FDA) has granted Fast Track designation to Sativex® for the treatment of pain in patients with advanced cancer, who experience inadequate analgesia during optimized chronic opioid therapy. Sativex is currently in Phase 3 clinical trials for this indication.GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) stock opened at $68.96, in current trading session and currently is at $66.50, by gaining 7.05%.The 52 week range of $8.46-$86.45. Company’s market capitalization is $983.76 million.
In David Englander’s “Trinity Biotech Shares Could Keep Climbing,” the focus is on how rising sales of diabetes testing instruments and a new heart-attack test may add to the momentum of Trinity Biotech plc (ADR) (NASDAQ:TRIB). Trinity Biotech plc (ADR) (NASDAQ:TRIB) stock is currently trading at $24.75.The EPS of the stock is 0.41. Company’s market capitalization is $534.34 million.
Weibo Corp (ADR) (NASDAQ:WB) has gone through a roller-coaster of a rollicking ride in the few days since it started trading on April 17, 2014. But it now seems to have stabilized at around the $20 mark at which it ended the first day of trading. Weibo Corp (ADR) (NASDAQ:WB) stock opened the session at $19.58, and now is at $19.00. The 52 week range of the WB stock remained $16.26-$24.48 and the day range was $18.50-$19.70.
Changyou.com Limited (NASDAQ:CYOU) will host a conference call at 7:00 AM ET April 28, 2014, to discuss its Q1 14 earnings results. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) stock opened today at $24.98 and is currently trading at $26.50. The stock showed a negative weekly performance of -5.02%.
MCG Capital Corp (NASDAQ:MCGC) reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.01. The company had revenue of $9.35 million for the quarter, compared to the consensus estimate of $10.45 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 29.2% on a year-over-year basis. MCG Capital Corp (NASDAQ:MCGC) stock opened at $3.53, in current trading session and currently is at $3.60, by gaining 1.12%.The 52 week range of $3.50-$5.55. Company’s market capitalization is $253.84 million.