Biggest Healthcare Stock Losers are GTCB, PIP, HEB

Healthcare Stock

Dallas, TX 12/02/2009 04:31 PM GMT (TransWorldNews)

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GTC Biotherapeutics, Inc. (NASDAQ:GTCB) plunges 5.46% to $0.860. The stock hit an intraday high and an intraday low of $0.91 and $0.85 respectively. In the last six months the stock went up over 145%. GTC Biotherapeutics, Inc. is engaged in the development and production of human therapeutic proteins through transgenic technology that enables animals to produce a recombinant form of a specified human protein in their milk.

 

PharmAthene, Inc. (AMEX:PIP) plunges 4.17% to $3.45. The stock hit an intraday high and an intraday low of $3.60 and $3.28 respectively. In the last six months the stock went up over 56%. PharmAthene, Inc. formerly Healthcare Acquisition Corp., is a biodefense company engaged in the development and commercialization of medical countermeasures against biological and chemical weapons.

 

Hemispherx BioPharma, Inc (AMEX:HEB) plunges 44.91% to $0.661 after the company announced that it received a Complete Response Letter from the U.S. Food and Drug Administration which describes specific additional recommendations related to the Ampligen NDA. In accordance with its 2008 Complete Response procedure, the FDA reviewers determined that they cannot approve the application in its present form and provided specific recommendations to address the outstanding issues. Hemispherx is carefully reviewing the Complete Response letter and will seek an expedited meeting with the FDA to discuss its recommendations.

 

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