Benzinga's Small Cap Movers for Wednesday December 19, 2012
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Dynatronics (NASDAQ: DYNT), the Salt Lake City, designer, manufacturer, distributor and marketer of physical medicine and aesthetic products, rose 46% Wednesday on 23 times average volume.
Dynatronics announced Wednesday that on December 17, 2012, at the Company's annual meeting, the shareholders approved a one-for-five reverse stock split of the Company's common stock.
Approximately 93% of the votes cast were in favor of the reverse split which becomes effective Wednesday.
Dynatronics closed at $3.07 on Wednesday.
Better Online Solutions
Shares of Better Online Solutions (NASDAQ: BOSC), the Israel-based the Israel-based provider of RFID and Supply Chain solutions to global enterprises, rose 73% Wednesday on 43 times average volume.
There was no news on Wednesday to account for the move.
Better Online Solutions closed at $8.19 on Wednesday.
Shares of Idera Pharmaceuticals (NASDAQ: IDRA), the Cambridge, MA biotechnology company, rose 19% Wednesday on 34 times average volume.
Idera Pharmaceuticals announced Wednesday that 48% of patients with moderate-to-severe plaque psoriasis (12 of 25) treated with IMO-3100, a selective antagonist of Toll-like Receptors (TLRs) 7 and 9, demonstrated improvements in Psoriasis Area Severity Index (PASI) scores of 35% to 90% from baseline at the completion of a randomized, double-blind, placebo-controlled Phase 2a clinical trial of two dose levels of IMO-3100 administered for four weeks, with a four-week follow-up period. None of the 12 placebo-treated patients had improvement in this range; this difference was statistically significant (p<0.005). The Company believes the results of this trial provide clinical proof-of-concept for the mechanism of action of selective TLR inhibition in patients with psoriasis and potentially other autoimmune and inflammatory disorders.
Idera Pharmaceuticals closed at $0.92 on Wednesday.
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