Biotech Stock Movers (VICL, BDSI, TNGN, DNDN, REGN)


Vical Incorporated (NASDAQ: VICL) plunged 12.15% to $3.76 in the morning hour after the company announced the pricing of an underwritten public offering of 13,333,334 shares of its common stock at a price to the public of $3.75 per share. The gross proceeds to us from this offering are expected to be approximately $50 million.

BioDelivery Sciences International, Inc. (NASDAQ: BDSI) soared 122.62% to $1.87 on an unusual volume of 2.19 million shares in the morning hour after the company announced the signing of a worldwide license and development agreement with Endo Pharmaceuticals (Nasdaq: ENDP) for the exclusive rights to develop and commercialize BEMA Buprenorphine for the treatment of chronic pain.

Tengion, Inc. (NASDAQ: TNGN) climbed 10.52% to $0.637 in the morning hour after the company announced it has completed the relocation of its corporate headquarters from East Norriton, Pennsylvania to the Company’s existing facility in Winston-Salem, North Carolina.

Dendreon Corporation (NASDAQ: DNDN) gained 7.72% to $11.45 in the morning hour after the company announced revenue for the fourth quarter ended December 31, 2011, reporting gross product revenue of approximately $82 million. This represents approximately 25% growth over the third quarter ended September 30, 2011. In addition, Dendreon reported full-year gross revenues from PROVENGE (sipuleucel-T) sales of approximately $228 million.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) increased 6.18% to $64.74 in the morning hour. The 52 week trading range for the company is $32.32 – $79.90. The company has soared 88% in the last one year. Regeneron Pharmaceuticals, Inc. (Regeneron) is a biopharmaceutical company. Regeneron discovers, develops, and commercializes pharmaceutical products for the treatment of serious medical conditions.

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