MannKind Corporation (NASDAQ:MNKD): After news circulated that the company had filed a $500 million mixed-securities shelf, shares of MannKind Corporation were down by over 12% during Friday’s after-hours trading. Even though ManKind’s share prices rebounded from their sub $2 lows, this cash raising event was expected by many investors. Now that the news is on the street, it is likely that the MNKD share price could take a beating once again, unless a new major partner becomes interested. If this occurs, it could keep investors attentive and lead into the next round of Afrezza testing. Shares of MannKind Corporation are trading at 8.57% lower today.
STERIS Corp (NYSE:STE): Tech companies, so far this year, that have been purchased for relatively large amounts of money include U.S. Endoscopy, which was sold to medical equipment maker Steris Corp., their next-door neighbor in Mentor, for $270 million and Rolls-Royce Fuel Cell Systems (U.S.) Inc. of North Canton, sold a 51% stake in itself to Korean conglomerate LG, for $45 million. Shares of STERIS Corp are trading at 0.32% higher today.
Medivation, Inc. (NASDAQ:MDVN): After the drug maker announced that they received approval from the Food and Drug Administration for Xtandi, Brean Murray Carret & Co.’s Jonathan Aschoff increased the San Francisco based Medivation, Inc.’s price target from $105 to $125 and kept a “Buy” rating. Xtandi, expected to launch in the middle of September, is used for treating prostate cancer in patients when other treatments have failed. Shares of Medivation, Inc. are trading at 5.10% higher today.
Piedmont Natural Gas Company Inc. (NYSE:PNY): Piedmont Natural Gas Co Inc. has teamed with America’s Natural Gas Alliance and is providing the compressed natural gas to fuel twelve buses being used to transport conventioneers during the Democratic National Convention. Shares of Piedmont Natural Gas Company Inc. are trading at 0.06% higher today.
Bank of America Corporation (NYSE:BAC): Federal Chairman Bernanke said that the United States economy is far from satisfactory, and his colleagues are moving to embrace policies that will stay in place until he’s satisfied. According to Bloomberg, four federal presidents are in favor of an open ended strategy for bond buying, and three would like the program to begin now. Shares of Bank of America Corporation are trading at 0.13% higher today.
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