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9 Biggest Mid-Day Losers For Tuesday

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  • Infinity Pharmaceuticals Inc. (NASDAQ: INFI) shares dipped 70.63 percent to $1.29. Infinity announced plans to cut 21 percent of the workforce. The company also reported that DYNAMO Phase 2 monotherapy study evaluating the efficacy and safety of duvelisib met its primary endpoint.
  • Mesoblast limited (ADR) (NASDAQ: MESO) shares fell 36.03 percent to $4.52 as the company issued an update on global heart failure program. The company reported that it has regained rights to cardiovascular field for cell therapy platform.
  • KemPharm Inc (NASDAQ: KMPH) shares fell 26.23 percent to touch a new 52-week low of $4.64 after the company reported that it has received a Complete Response Letter from the FDA regarding its Apadaz NDA .
  • Dataram Corp (NASDAQ: DRAM) dropped 25.69 percent to $1.07 as the company reached a deal to acquire all of the outstanding shares of US Gold Corp and USGC subsidiaries.
  • Revance Therapeutics Inc (NASDAQ: RVNC) shares fell 23.02 percent to $14.12 as the company reported that its REALISE 1 Phase 3 trial of DaxibotulinumtoxinA Topical Gel (RT001) to treat patients with moderate to severe lateral canthal lines (crow’s feet) had failed to meet co-primary and other endpoints.
  • ImmunoGen, Inc. (NASDAQ: IMGN) shares fell 16.87 percent to $4.11 after the company announced a private offering of $100 million in convertible senior notes.
  • Innocoll Holdings PLC (NASDAQ: INNL) dropped 13.82 percent to $9.48 as the company reported a proposed public offering of $65 million.
  • Navistar International Corp (NYSE: NAV) shares declined 13.69 percent to $11.35. Stifel Nicolaus downgraded Navistar from Hold to Sell.
  • Western Gas Equity Partners LP (NYSE: WGP) shares fell 9.25 percent to $37.88. Western Gas Equity Partners priced 12.5 million common unit offering for gross proceeds of $481 million.
 

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