POMPANO BEACH, FL, United States, via ETELIGIS INC., 11/19/2012 - - Ligand Pharmaceuticals Inc.(NASDAQ: LGND) stock gained 13.08% to $18.85. The company said the U.S. Food and Drug Administration has granted its partner, GlaxoSmithKline PLC, approval for Promacta--its low blood platelet count treatment--for patients with chronic hepatitis C to allow them to initiate and maintain interferon-based therapy. Promacta is the brand name that eltrombopag, a thrombopoietin receptor agonist, is marketed under in the U.S.
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BioMimetic Therapeutics, Inc.(NASDAQ: BMTI) shares soared 70.84% to $7.09 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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Genetic Technologies Limited (ADR)(NASDAQ: GENE) shares climbed 5.20% to $2.79 in the early hour. The company, last month, announced that it has issued 10,200,000 fully paid ordinary shares at an issue price of AUD 0.045 per share as a result of the exercise of options. The 52 week trading range for the company is $2.29 - $6.20. The shares of the company fell 26% in the last one year.
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Hansen Medical, Inc.(NASDAQ: HNSN) shares climbed 5.44% to $2.11. The company said Intuitive Surgical bought 5.3 million shares of Hansen stock for $10 million, and agreed to pay $20 million to get an extended license to patents owned by Hansen. Intuitive bought the stock for $1.89 per share. The deal will give Intuitive patents relating to "certain non-vascular approaches," or procedures that don't go through blood vessels.
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Merge Healthcare Inc.(NASDAQ:MRGE) shares gained 3.73% and closed at $2.78. The company will unveil a national mobile and internet platform for consumers and demonstrate how enterprise imaging solutions support achieving Meaningful Use objectives at the Radiological Society of North America (RSNA) in booth #4845. The company is showcasing a new mobile and Internet platform for consumers to select a radiologist, schedule an appointment and receive results electronically.
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