Company News for Jan 11, 2021



  • Shares of Chimerix, Inc.

    CMRX

    jumped 69.1% after the company announced that it has acquired Oncoceutics, a clinical-stage biotechnology company developing imipridones for $78 million in cash and stock.



  • Globalstar, Inc.’s

    GSAT

    shares rose 41.6% after business partner Nokia has entered into an agreement with Tideworks Technology, to deploy Globalstar’s Band 53 spectrum at the Port of Seattle, Terminal 5.



  • Shares of Merus N.V.

    MRUS

    surged 28.3% after the company announced that FDA granted Fast Track Designation to Zenocutuzumab for the treatment of patients with neuregulin 1 fusion cancers.



  • F5 Networks, Inc.’s

    FFIV

    shares jumped 17.7% after the company announced plans to acquire Volterra for approximately $500 million.

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