Morning Market Losers (BMTI, NSPH, HEAT, PAL)
BioMimetic Therapeutics Inc (NASDAQ: BMTI) shares dropped 32.86% to $8.99 at 9:55 am. BMTI reported a Q1 net loss of $8.0 million.
Nanosphere Inc (NASDAQ: NSPH) dipped 27.99% to $2.11. NSPH priced its underwritten public offering of 13,640,000 shares of its common stock at $2.20 per share.
SmartHeat Inc (NASDAQ: HEAT) shares moved down 26.98% to $2.30. HEAT reported a 16% y/y decline in its Q1 sales.
North American Palladium Ltd (AMEX: PAL) fell 19.61% to $4.55. PAL lowered its 2011 palladium production projections.
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