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Canada Business News and Press Releases
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(EMAILWIRE.COM, October 01, 2010 ) Montréal, Québec - Profitpennystocks.com
(http://www.profitpennystocks.com), a premier source for penny stocks research issues stock alert for the following companies:
(NASDAQ: RPRX, GENZ, VVUS, CELG)
Repros Therapeutics Inc. (NASDAQ:RPRX) dropped 4.62% to $0.372 on over 722K shares. This week, the company announced that its Board of Directors has approved a 1-for-4 reverse split of its common stock, which is expected to be effective upon the close of trading on October 14, 2010.
The reverse split is part of the companyÂ’s plan to regain compliance with the the $1.00 minimum bid price required for continued listing on the Nasdaq Capital Market.
Today, the stock opened at $0.41 and was trading within the range of $0.37-$0.41.
Genzyme Corporation (NASDAQ:GENZ) slid 0.46% to $70.79 on over 3.19 million shares. Genzyme Corporation is a biotechnology company. The CompanyÂ’s product and service portfolio is focused on rare genetic disease disorders, renal diseases, orthopaedics, cancer, transplant and immune disease. Genzyme operates in four business segments: Genetic Diseases, Cardiometabolic and Renal, Biosurgery and Hematologic Oncology.
VIVUS, Inc. (NASDAQ:VVUS) gained 1.98% to $6.69 on over 2.62 million shares. VIVUS, Inc. is a biopharmaceutical company focused on the development and commercialization of therapeutic products for underserved markets. Its investigational product pipeline includes two late-stage clinical product candidates.
Over the past 52-week, the stock traded within the range of $4.69-$13.68. In the past one month of trading sessions, the stock went up more than 18%.
Celgene Corporation (NASDAQ:CELG) went up 0.31% to $57.61 on over 2.77 million shares. Celgene Corporation is an integrated biopharmaceutical company primarily engaged in the discovery, development and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases.
Over the past 52-week, the stock traded within the range of $48.02-$65.79. In the past one month of trading sessions, the stock went up more than 11%.
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Disclaimer and Forward-Looking Statement
Please read Profitpennystocks.com disclaimer
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Palisades Petroleum, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
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Walid Moudjed
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info@profitpennystocks.com
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