Repros shares skyrocket on drug news Houston Business Journal - by Greg Barr Date: Thursday, December 23, 2010 Shares of Repros Therapeutics Inc. nearly doubled in value Thursday in heavy volume after the company reported positive developments for its experimental testosterone deficiency drug, Androxal.
Repros (NASDAQ: RPRX) said in a statement that it had sent additional data to the U.S. Food and Drug Administration showing that a single assessment of testosterone levels collected in the morning correlates to maximum and average levels of testosterone during a 24-hour period in subjects taking Androxal.
The news sent the shares of The Woodlands-based company skyrocketing to a high of $2.60, before ending Thursday's trading at $2.57, a gain of $1.16 or 82 percent from the Dec. 22 close of $1.41. More than 7.5 million of the company's 8.9 million outstanding shares changed hands during Thursday's session. |