BioMimetic Therapeutics, Inc.(NASDAQ: BMTI) shares soared 70.36% to $7.07 in the morning hour after Wright Medical Group agreed to acquire BioMimetic Therapeutics for about $190 million in cash and stock as it looks to expand its extremities business. Wright agreed to pay $1.50 in cash and 0.2482 of a Wright share for each BioMimetic share.
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Identive Group, Inc.(NASDAQ: INVE) stock gained 10.78% to $1.44 after the company announced that it has been selected by a U.S. federal agency within the Department of Homeland Security to implement its Hirsch-branded access control and security management systems at the agency's more than 200 locations nationwide. Identive's systems will secure entry and exit points at the agency's facilities and provide secure work environments for agency employees.
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Alexza Pharmaceuticals, Inc.(NASDAQ: ALXA) stock jumped 5.09% to $4.33 after the company announced that it has received a CHMP (Committee for Medicinal Products for Human Use) Day 180 Second List of Outstanding Issues (LoOI) from the European Medicines Agency (EMA) regarding its Marketing Authorization Application (MAA) for Adasuve™ (Staccato® loxapine). The CHMP Day 180 Second LoOI for ADASUVE contains no major objections to the ADASUVE application, indicating that the two major objections outlined in the initial CHMP Day 180 LoOI have been resolved.
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SINA Corp(NASDAQ: SINA) shares increased 9.21% to $49.67. The company posted third-quarter net income of $9.9 million or $0.14 per share, compared to a net loss of $336.3 million or $5.10 per share in the comparable quarter last year. The company's adjusted income for the quarter declined to $11.7 million or $0.17 per share. Analysts expected loss of $0.11 per share for the quarter. Total revenues for the quarter rose to $152.38 million from $130.29 million in the prior-year quarter, while on a non-GAAP basis, revenues rose to $147.69 million from $125.60 million last year. Analysts had a consensus revenue estimate of $146.03 million for the quarter.
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James River Coal Company(NASDAQ: JRCC) shares jumped 7.55% to $2.28. The company third-quarter adjusted loss was $1.23 per share, exceeding the $1.04 per-share loss analysts had estimated. Net loss widened to $20.6 million, or 59 cents per share, from $3.7 million, or 11 cents per share, a year earlier. Revenue fell 5% to $288.1 million, but was higher than the average estimate of $261.7 million.
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