Morning Market Losers

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Theravance Inc. THRX
shares fell 7.57% to $16.61. GSK and Theravance announced the outcome of US FDA Advisory Committee on BREO(R) ELLIPTA(R) in asthma. Glaxo and Theravance announced that the FDA panel has voted to support efficacy and safety. The panel has voted against the approval for proposed indication in 12-17 olds.
The Macerich Company MAC
shares dipped 6.86% to $87.09 following announcement of Simon final offer. Simon Property Group Inc
SPG
raised its offer for Macerich to $95.50 per share in cash and stock.
Cerulean Pharma Inc. CERU
fell 3.65% to $10.27. Cerulean Pharma announced that a Phase 1b/2 trial of CRLX101 in combination with Avastin® in relapsed renal cell carcinoma met primary endpoint.
Tiffany & Co. TIF
shares dropped 1.26% to $85.28, despite the company reporting in-line earnings for the fourth quarter. The company's weak forecast exerted pressure on the shares.
OXiGENE, Inc. OXGN
shares declined 1.21% to $1.63 after the company announced at-the-market $10 million dollar offering at $1.7125 per share.
Veracyte, Inc. VCYT
slipped 1.20% to $8.20 after the company reported a wider-than-expected quarterly loss.
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