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Amarin Corporation plc (NASDAQ: AMRN) shares dropped 61.12 percent to close at $2.01 a share Thursday. The stock traded between $1.85 and $2.13 on volume 105.69 million shares traded. The company announced that the U.S. Food and Drug Administration (FDA) Endocrinologic and Metabolic Drugs Advisory Committee have voted against the approval of Vascepa.
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Ariad Pharmaceuticals, Inc. (NASDAQ: ARIA) shares surged 11.39 percent to close at $4.50 a share Thursday. The stock traded between $4.28 and $4.53 on volume of 19.51 million shares traded. JPMorgan appears to still be bullish on the company despite recently disclosed side effects of Iclusig. "Our initial view is that the physician community may be far less spooked by the safety update than the investor community," wrote JPMorgan analyst Cory Kasimov.
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Aastrom Biosciences Inc. (NASDAQ: ASTM) shares gained 16.84 percent to close at $4.37 a share Thursday. The stock traded between $3.64 and $4.87 on volume of 663,022 shares traded. On Wednesday, the company reported that it’s previously announced one-for-twenty reverse stock split is now effective.
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ZIOPHARM Oncology Inc. (NASDAQ: ZIOP) shares jumped 16.43 percent to close at $5.18 a share Thursday. The stock traded between $4.43 and $5.24 on volume of 2.37 million shares traded. The company and Intrexon Corporation announced presentations at the 2013 AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics.
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