(EMAILWIRE.COM, March 17, 2010 ) Dallas, Tx - Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) fell 9.86% to $1.28 on 35.82 million shares. The company announced the pricing of a public offering and concurrent private placement of its common stock in which the aggregate net proceeds to Lexicon will be approximately $165.0 million. The public offering consists of 87,717,391 shares of its common stock at a public offering price of $1.15 per share.
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Sequenom, Inc. (NASDAQ:SQNM) decreased 21.65% to $6.08 on 28.22 million shares. The company posted a wider-than-expected quarterly loss, hurt by rising costs and lower average selling price for its systems in the genetic analysis business. Net loss for the fourth quarter was $18.4 million, or 30 cents a share, compared with a net loss of $15.4 million, or 25 cents a share, in the year-ago period.
American Dairy, Inc. (NYSE:ADY) went up 7.70% to $21.67 on 1.18 million shares. The company posted a loss for the fourth quarter ended 31 December 2009, hurt by a 45% decrease in revenues. Fourth-quarter net loss attributable to common shareholders were US$26.98 million or US$1.34 per share compared to a profit of US$25.11 million or US$1.42 per share in the year-ago period.
United Western Bancorp, Inc. (NASDAQ:UWBK) went down 25.44% to $1.70 on 4.24 million shares after the company lost $40 million in the final quarter of 2009, as the bank struggled through a very difficult period, officials said on Monday. The fourth-quarter loss, which equaled $1.40 per share, compares with a profit of $2 million, or 28 cents per share, in the fourth quarter of 2008.
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