DENVER, Colo., Sept 11, 2023 (www.247marketnews.com)- This morning’s 15 minutes after the opening bell snap shot.
News
Crinetics Pharmaceuticals, Inc. (CRNX:NASDAQ) announced that paltusotine, an oral, once-daily investigational compound, achieved positive results by meeting the primary endpoint and all secondary endpoints of the Phase 3 PATHFNDR-1 study (NCT04837040). Crinetics Pharma is trading at $28.45, up $12.48 (+78.15%), on 7.8M shares traded.
Aurora Cannabis Inc. (ACB:NASDAQ) announced that it has repurchased an aggregate of approximately US$9 million principal amount of its convertible senior notes in multiple transactions between August 16 and September 8, 2023 and has approximately US$39 million of notes outstanding. Aurora Cannabis is trading at $0.62, up $0.09 (+17.52%), on 9.77M shares traded.
Momos
Canopy Growth Corporation (CGC:NASDAQ) shares are adding to Friday’s 22% gain, trading at $1.12, up $0.19 (+20.20%), on 28.21M shares traded.
M&A
Hostess Brands, Inc. (TWNK:NASDAQ) is trading higher on news that The J.M. Smucker Co. (SJM:NYSE) for approximately $5.6, or $34.25 per Hostess Brands share; Hostess Brands shareholders will receive $30.00 in cash and 0.03002 shares of The J.M. Smucker Co. common stock (valued at $4.25 as of September 8, 2023) for each share of Hostess Brands common stock. Hostess Brands is trading at $33.43, up $5.32 (+18.93%), on 12.61M shares traded.
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