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VirnetX Holding Corporation (NYSE: VHC) shares
dropped 43 percent to $2.47 as the company reported that the District Court for the Eastern District of Texas has issued new
order in the company’s litigation against Apple Inc. (NASDAQ: AAPL) vacating previous order.
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Keryx Biopharmaceuticals (NASDAQ: KERX) shares
dipped 29.3 percent to $5.20 after the company revealed that there is an imminent supply interruption of Auryxia (ferric
citrate) tablets due to a production-related issue converting active pharmaceutical ingredient (API) to finished drug product.
As a result, the company also withdrew the outlook for the current year. The company also reported second quarter results
incurring a net loss of $44.7 million, or $0.42 loss per share, wider than a net loss of $26.9 million, or $0.26 loss per
share, for the comparable period in 2015.
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Inotek Pharmaceuticals Corp (NASDAQ: ITEK) shares
tumbled 29 percent to $6.73 as the company reported a proposed public offering of $50 million of Convertible Senior Notes due
2021.
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ADMA Biologics Inc (NASDAQ: ADMA) shares dropped
21 percent to $6.20 after the company reported that it has received a CRL from the FDA for its pending Biologics License
Application.
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Hutchinson Technology Incorporated (NASDAQ: HTCH)
shares declined 15 percent to $1.67. On Friday, Hutchinson Technology reported a Q3 loss of $0.18 per share on revenue of $53.2
million.
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Insperity Inc (NYSE: NSP) dropped 13.3 percent to
$68.05. Insperity posted better-than-expected quarterly earnings, but the company missed analysts’ sales estimates.
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Seres Therapeutics Inc (NASDAQ: MCRB) shares fell
6.5 percent to $10.23 after dropping 69.42 percent on Friday. Bank of America downgraded Seres Therapeutics from Buy to
Neutral.
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SolarCity Corp (NASDAQ: SCTY) shares declined 6.1
percent to $25.07 as Tesla Motors Inc (NASDAQ: TSLA) announced plans to acquire SolarCity for $2.6 billion in stock.
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Transocean LTD (NYSE: RIG) shares fell 4.7 percent
to $10.46. Transocean and Transocean Partners LLC (NYSE: RIGP) revealed Monday they have struck a deal whereby the former would buy all
the outstanding units of the latter in a share-for-unit merger transaction. As a result, Transocean Partners would get 1.1427
shares of the company for every unit held.
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GNC Holdings Inc (NYSE: GNC) declined 4 percent to
$19.62. Wedbush downgraded GNC Holdings from Outperform to Neutral.
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