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July 3rd, 2010

The Week’s Big Movers

Abstract:
Arrowhead Research Corp. ended the week down 16 percent to $1 after the Pasadena nanotechnology company closed a $9 million registered direct offering.

Abraxis Bioscience Inc. was the biggest gainer, up nearly 24 percent to $74.25 on news that the L.A. biotech company was being sold to a New Jersey competitor for $2.9 billion.

Source:
labusinessjournal.com

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