Infoblox Inc. (NYSE: BLOX) shares closed down nearly 37% this past Friday on about 30 million shares traded. The stock was one of the biggest decliners on the NYSE and hit a new yearly low of $12.01 during intra-day trading. The drop came after the company reported mixed third-quarter results and weak forward guidance. Infoblox also announced the pending resignation of its CEO.
Infoblox Inc. develops, markets, and sells automated network control solutions worldwide. Its appliance-based solution combines real-time IP address management with the automation of network control, and network change and configuration management processes in physical and virtual appliances.
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Retrophin, Inc. (NASDAQ: RTRX) shares closed up 13.51% on nearly 3.5 million shares traded. The stock was one of the biggest winners on the NASDAQ. The company announced that it had arranged for $80 million worth of term loans and has entered into a U.S. license agreement with privately held Mission Pharmacal Co. for the marketing rights to Thiola, a treatment for cystinuria, a rare genetic cysteine transport disorder.
Retrophin, Inc., a biopharmaceutical company, focuses on the development, acquisition, and commercialization of therapies for the treatment of serious, catastrophic, or rare diseases. It sells Chenodal, a synthetic oral form of chenodeoxycholic acid for the treatment of radiolucent stones in well-opacifying gallbladders; and Vecamyl for the treatment of hypertension.
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