BG Medicine Inc. (NASDAQ: BGMD), a provider of drug research and development services, is seeing a huge rally in mid-day trading today after the company announced that obtained CE Mark for its CardioSCORE test in Europe. The company’s President and CEO, Eric Bouvier said that he believes the CardioSCORE test will be a pivotal and disruptive game-changer in the primary prevention of major cardiovascular events and treatment of disease, representing a major advancement over the diagnostic tools used by clinician for the past 15 years.
BGMD is currently trading 133.83% higher at $3.11 on volume of 6.54 million, which is well above the daily average volume of 274,064. BGMD has crossed its 50-day moving average as a result of today’s rally.
Somaxon Pharmaceuticals Inc. (NASDAQ: SOMX), a specialty pharmaceutical company engaged in the in-licensing, development and commercialization of branded products and late-stage product candidates, is seeing a huge rally in trading today after the company agreed to be acquired by Perninx Therapeutics.
Under the terms of the agreement, Pernix will acquire SOMX for $25 million in a stock-for-stock transaction. The transaction has been approved by the Board of Directors of both companies. At last check, SOMX was trading 76.87% higher at $2.60 on volume of 1.87 million, which is substantially above the daily average volume of 56,326. The stock hit an intra-day high of $2.92 in trading earlier today.
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SOURCE Investor Alley, Inc.