New York, NY -- (ReleaseWire) -- 01/07/2013 -- Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), a biotechnology company engaged in the development of monoclonal antibodies for the treatment and diagnosis of cancer, is seeing a huge rally in trading today after the company provided an update on the initial review of its Phase II NSCLC trial. The company said that the results of the extensive internal review indicate that discrepancies are isolated to the placebo and 1 mg/kg t.
At last check, PPHM was trading 71.86% higher at $2.32 on volume of 33.71 million, which substantially above the daily average volume of 4.61 million. PPHM has broken through $1.50 resistance level as a result of the rally today. The next resistance level for the stock is at $2.50. If it breaks through this level then the upward trend will continue.
Find out if PPHM could maintain its bullish momentum by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=PPHM
Epocrates Inc. (NASDAQ: EPOC), a provider of mobile drug reference tools and electronic health records to healthcare professionals and interactive services to the healthcare industry, is soaring in mid-day trading today after the company agreed to be acquired by Athenahealth Inc. (NASDAQ: ATHN) for approximately $29.2 million in cash. Athenahealth will pay $11.75 per share to acquire EPOC, which represents a 22% premium over the stock’s closing price on Friday.
EPOC hit an intra-day high of $11.78 today before paring some of the gains. At last check, EPOC was trading 21.62% higher at $11.70 on volume of 3.57 million, which is well above the daily average volume of 68,301.
Find out more about EPOC by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=EPOC
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