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Conatus Pharmaceuticals Inc. (NASDAQ: CNAT) shares soared 18.08 percent to close at $7.25 a share Tuesday. The stock traded between $7.21 and $8.20 on volume 1.24 million shares traded. The company announced that the FDA has granted Orphan Drug Designation to emricasan. Shares of Conatus Pharmaceuticals have fallen approximately 23.0 percent year-to-date.
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Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) shares declined 4.74 percent to close at $2.241 a share Tuesday. The stock traded between $2.13 and $2.26 on volume 1.91 million shares traded. The company announced that a recent study has shown differences between placebo and LX1033, its treatment for IBS, in stool consistency were not statistically significant.
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Oncomed Pharmaceuticals Inc. (NASDAQ: OMED) shares soared 97.86 percent to close at $27.70 a share Tuesday. The stock traded between $22.10 and $31.99 on volume 5.68 million shares traded. The company announced a strategic collaboration with Celgene Corp. to jointly develop and commercialize up to six anti-cancer stem cell product candidates.
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Osiris Therapeutics, Inc. (NASDAQ: OSIR) shares fell 7.60 percent to close at $15.45 a share Tuesday. The stock traded between $13.84 and $16.80 on volume of 1.20 million shares traded. The company announced that President and Chief Executive Officer C. Randal Mills, PhD. has stepped down from the company for personal reasons.
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