Company News: Page (1) of 1 - 01/28/13

NASDAQ Morning Movers; (FURX), (IDIX), (MCBC), (VELT)

January 28, 2013 --

NASDAQ Morning Movers; (FURX), (IDIX), (MCBC), (VELT)

Category: Investment

Visit: Furiex Pharmaceuticals Inc.

New York, New York - January 28, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for January 28th, 2013.


Furiex Pharmaceuticals Inc., (NASDAQ:FURX) trading at $31.68 rose by $10.44 or 49.15% on a volume of 515,572 shares, making to today's top "morning mover" on the NASDAQ.

Furiex Pharmaceuticals Inc. stocks rose the highest in more than two years after partner Takeda Pharmaceutical Co. won U.S. regulatory approval for a new diabetes treatment.

The FDA cleared Takeda and Furiex's alogliptin and two combinations of the treatment to use with diet and exercise for patients with Type 2 diabetes. Morrisville, North Carolina-based Furiex said in a statement that it will receive a $25 million payment as a result of the approval as well as royalties based on U.S. sales.

Idenix Pharmaceuticals Inc., (NASDAQ:IDIX) trading at $5.26 gained $0.53 or 11.21% on a volume of 1,972,934 shares.

Idenix Pharmaceuticals, Inc. today announced a non-exclusive collaboration with Janssen Pharmaceuticals, Inc. for the clinical development of all-oral direct-acting antiviral (DAA) HCV combination therapies. The collaboration will evaluate combinations including IDX719, Idenix's once-daily pan-genotypic NS5A inhibitor, simeprevir (TMC435), a once-daily protease inhibitor jointly developed by Janssen and Medivir AB, and TMC647055, a once-daily non-nucleoside polymerase inhibitor, boosted with low dose ritonavir, being developed by Janssen.

Macatawa Bank Corp., (NASDAQ:MCBC) trading at $4 rose by $ 0.37 or 10.19% on a volume of 182,345 shares.

Velti Plc (NASDAQ:VELT) trading at $5.45 gained $0.42 or 8.35% on a volume of 984,169 shares.

Investorideas.com Newswire

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