Tesla Motors Gapped Down Sharply (DARA, GENE, ATRS, KEG, TSLA)
DARA Biosciences Inc (NASDAQ:DARA) surged up 9.26% to $1.18. The Company has completed a series of agreements with a number of specialty pharmacy providers, leading group purchasing organizations, retail partners, reimbursement experts and an industry-leading third-party logistics provider. The Company believes these agreements provide the company comprehensive commercial coverage across the national oncology market.
Genetic Technologies Limited (ADR) (NASDAQ:GENE) soared 17.31% to $3.96. The Company announced that BREVAGen has been cleared for sale into the State of Florida. This will be followed by the grant of a permit to the Company’s Australian-based laboratory by the Clinical Laboratory Unit of the Florida Agency for Healthcare Administration.
Antares Pharma Inc (NASDAQ:ATRS) went up 5.34% to $4.44. The Company announced positive results from an Actual Human Use study for VIBEX Methotrexate or MTX. The clinical trial was conducted as a multi-center, open-label, single-arm, in-clinic study to assess the actual human use of methotrexate administered via the VIBEX Medi-Jet in adult patients with rheumatoid arthritis.
Key Energy Services Inc (NYSE:KEG) decreased 10.43% t o $7.30 after the Company issued third quarter guidance. The Company expects third quarter 2012 consolidated results from continuing operations to be below prior expectations. The consolidated revenue is expected to decline 4% to 5%. Key sold its Argentina operations effective September 14, 2012 and expects to record non-cash, pre-tax charge against discontinued operations of approximately $45 million in the third quarter. However analysts were expecting the Company to report revenue of $534.67 million in the third quarter of 2012.
Tesla Motors Inc (NASDAQ:TSLA) plunged 7.50% to $28.36 on a traded volume of 1.29 million shares. The Company intends to build a network of solar- powered chargers on major U.S. highways to expand the driving range for owners of its cars at no charge. Tesla has installed the first six of its so-called superchargers on highways in California, Nevada and Arizona.