Stock Market Alert - EPIX Up on Pact

Posted on Wednesday 13 December 2006



Stock Market Alert - EPIX was one of the big winners in the stock market on Tuesday, trading up over 30% to close the regular session at $7.19 after the company announced that it had entered into a pact with GSK. EPIX will receive an upfront payment of $35 million dollars in the deal, along with the possibility of receiving up to $1.2 billion dollars for the achievement of certain milestones and royalties on product sales. Volume was extremely high on the day, with over 6.8 million shares of the stock changing hands, compared to a normal daily average of 211k shares traded.



Sorry, the comment form is closed at this time.