Morning Market Losers
Oncothyreon (NASDAQ: ONTY) shares dipped 55.77% to $1.99 at 10:00 am. Oncothyreon reported that the pivotal Phase 3 clinical trial of L-BLP25 did not meet its primary endpoint of an improvement in overall survival in patients with non-small cell lung cancer.
China Mobile Games and Entertainment Group (NASDAQ: CMGE) fell 21.43% to $3.74. China Mobile Games had $32.11 million in total cash for the recent quarter.
PLX Technology (NASDAQ: PLXT) dropped 14.67% to $3.84. The Federal Trade Commission has issued an administrative complaint seeking to block the proposed merger between PLX and Integrated Device Technology (NASDAQ: IDTI)
Skystar Bio Pharmaceutical Company (NASDAQ: SKBI) shares lost 9.88% to $1.55. Skystar Bio Pharmaceutical shares have dropped 37.45% over the past 52 weeks, while the S&P 500 index has gained 16.33% in the same period.
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