NEW YORK, February 11, 2013 Sanofi SA (ADR) (NYSE:SNY) soared 2.41% to $47.62. The stock is up after the rejection of Novo Nordisk's drug as the two firms have been competing to dominate the lucrative insulin market.
Recently, the Company reported 2012 results. Total sales increased 0.5% to 34,947 million. Vaccines reported 5.7% sales growth to 3,897 million. EPS was 6.20 versus 6.65 in 2011 due to the negative impact of 1.3 billion at CER on the business net income related to the Plavix(R) and Avapro(R) losses of exclusivity in the U.S.
Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) declined 3.42% to $0.512 on a traded volume of 45k shares. The Company provided an update on its research and development pipeline. The Company is primarily focused on rapidly advancing the development of FirdapseTM for the treatment of Lambert-Eaton Myasthenic Syndrome, which is the lead product candidate. Catalyst Pharmaceutical Partners, Inc. is a specialty pharmaceutical company focused on the development and commercialization of novel prescription drugs targeting rare neurological diseases and disorders.
Rediff.com India Limited (ADR) (NASDAQ:REDF) soared 4.48% to $3.03 on a traded volume of 35k shares. Rediff.com India Limited publishes its unaudited consolidated balance sheet as of September 30, 2012 and its unaudited consolidated statement of income for the six months ended September 30, 2012. This is done in compliance with the NASDAQ Rule 5250(c) (2), which requires that each foreign private issuer with securities listed on the NASDAQ distribute interim financial information within six months following the end of such foreign private issuer's second fiscal quarter.
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