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Achillion Pharmaceuticals Inc (ACHN) reported promising results from an early-stage trial of its hepatitis C drug. The company said the preliminary results showed proof of concept for the drug, ACH-1625. In the early-stage trial, patients received ACH-1625 for five days. The preliminary results showed a "dramatic reduction in viral load after five days" and the drug demonstrated a slow viral rebound, the company said. The drug was well-tolerated at all doses and there were no serious adverse events. Shares skyrocketed this mourning, gapping up to $3.74 or roughly 70 percent on massive volume.
eOn Communications Corporation™ (EONC), a leading provider of telecommunications solutions, today reported first quarter fiscal results for the period ended October 31, 2009. First quarter revenue increased 154% to $4,525,000 from $1,784,000 in the first quarter of last year. Net income for the quarter was $379,000 or $0.14 per common share compared to a net loss of $134,000 or $0.05 per common share in the quarter ended October 31, 2008. Shares were up 17 percent on well above average trading volume.
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Canada's Dollar Strengthens for First Week in a Month as U.S. Adds Jobs
3 Sep 2010 at 9:42pm
Canada?s currency strengthened for the first week in a month versus the greenback after a report showed U.S. employers added more private jobs than economists forecast, boosting stocks and brightening the outlook for trade between the two nations.
Canada?s reserves grew $614M US in Aug.
3 Sep 2010 at 11:53am
Canada?s official international reserves grew by $614 million US in August, the department of finance said Friday.
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