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Arca Biopharma Inc. (NASDAQ: ABIO) shares jumped 26.11 percent to close at $2.27 a share Wednesday. The stock traded between $2.15 and $2.54 on volume of 16.24 million shares traded. The company announced that the FDA has accepted the application for the planned companion diagnostic test for Gencaro. Shares of Arca Biopharma have fallen approximately 5.0 percent in the past year.
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ArthroCare Corporation (NASDAQ: ARTC) shares jumped 14.76 percent to close at $46.57 a share Wednesday. The stock traded between $44.95 and $49.94 on volume 1.47 million shares traded. The company announced that it will pay a $30.0 million fine to end an investigation by the U.S. Department of Justice. Shares of ArthroCare have gained approximately 30.0 percent in the past year.
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IMRIS Inc. (NASDAQ: IMRS) shares surged 40.38 percent to close at $2.19 a share Wednesday. The stock traded between $1.52 and $2.24 on volume 1.95 million shares traded. The company announced that nearly 13,000 patients have been treated using intraoperative MRI since 2005. Shares of IMRIS have fallen approximately 40.0 percent in the past year.
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Oramed Pharmaceuticals, Inc. (NASDAQ: ORMP) shares spiked 31.34 percent to close at $24.64 a share Wednesday. The stock traded between $19.82 and $25.15 on volume 1.92 million shares traded. MLV & Co. has recently initiated coverage on the company with a "buy" rating. Shares of Oramed Pharmaceuticals have gained over 200.0 percent in the past month.
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