The Food and Drug Administration placed a clinical hold on Inovio Pharmaceuticals Inc.'s (Nasdaq: INO) Phase III program for VGX-3100. The stock price tumbled $1.37 to close at $6.99.
JPMorgan downgraded Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) from a Neutral rating to an Underweight rating sending the stock price tumbling $1.01 to close at $9.37.
Tidewater Inc. (NYSE: TDW) received extensions of limited waivers from lenders and note holders. The stock price plunged $1.32 to close at $1.67.
B/E Aerospace Inc. (Nasdaq: BEAV) will be acquired by Rockwell Collins Inc. (NYSE: COL) for a premium of approximately $6.4 billion in cash and stock. Shares of B/E Aerospace surged $8.28 to close at $58.89 while Rockwell Collins stock plummeted $5.25 to close at $79.21.
Unilife Corp. (Nasdaq: UNIS) completed its internal investigation into possible securities violations by former chief executive Alan Shortall and has found no financial loss to the company. With the investigation complete, the company has filed its delayed annual and first quarter financial reports. Shares of the injectable drug delivery system maker leaped $1.18 to close at $2.93.
Twilio Inc. (NYSE: TWLO) priced its follow-on offering of 7 million common shares at the discounted price of $40.00 per share sending the stock price plummeting $3.08 to close at $41.06.
Concordia International Corp. (Nasdaq: CXRX) chief executive Mark L. Thompson will resign as soon as his successor is appointed. The stock price rose 51 cents to close at $4.48.
Stone Energy Corp. (NYSE: SGY) entered a restructuring support agreement with senior note holders. The stock price plummeted $3.39 to close at $6.30.
Skechers U.S.A. Inc. (NYSE: SKX) reported third quarter earnings and revenue that fell short of analyst expectations and forecast current quarter results below estimates. Shares of the footwear maker plummeted $3.96 to close at $18.98.