NPS Pharmaceuticals, Inc (NASDAQ:NPSP) focuses on orphan products, Magnachip Semiconductor Corp (NYSE:MX)

Posted by Ryan Mandell May 24, 2013 0 Comment 1490 views


NPS Pharmaceuticals, Inc (NASDAQ:NPSP): Thursday’s trading session saw NPS Pharmaceuticals, Inc (NASDAQ:NPSP) rising 2.01% and closed at $15.25. It opened at a price of $14.59 which touched an intraday high of $15.41, before moving down to close at $14.25 per share. In the previous day’s trading session, around 3.05 million shares were traded. This number was more than the average volume of 2.02 million that was measured over a 30-day period.

NPSP is a clinical-stage bio-pharma company. It focuses on developing orphan products for patients suffering from rare gastro-intestinal and endocrine disorders, who have high unmet medical needs. NPS Pharmaceuticals, Inc (NASDAQ:NPSP)’s clinical programs involve 2 therapeutic peptides that replace or restore biological function: Natpara and Gattex (teduglutide). Teduglude, an analog of GLP-2, is a protein that regenerates and repairs the intestinal lining. NPSP has been developing Gattex. It is used for treating adults who suffer from short bowel syndrome. Natpara is a recombinant full-length human parathyroid hormone. This is being developed as a hormone-replacement therapy for hypoparathyroidism. In this rare hormone-deficiency disorder, patients are unable to physiologically regulate calcium and phosphate levels in their blood.

Magnachip Semiconductor Corp (NYSE:MX): Thursday’s trading session saw Magnachip Semiconductor Corp (NYSE:MX) rising 0.85% and closed at $17.88. It opened at a price of $17.43 which touched an intraday high of $18.16, before moving down to close at $17.15 per share. In the previous day’s trading session, around 0.860 million shares were traded. This number was more than the average volume of 0.497 million that was measured over a 30-day period.

MX is a company that designs and manufactures analog as well as mixed-signal semi-conductor products that are used in consumer applications. Magnachip Semiconductor Corp (NYSE:MX) operates its business in three different segments: Power Solutions, Display Solutions and Semiconductor Manufacturing Services. The Display Solutions products include display-drivers. These cover a variety of mobile multi-media devices and flat-panel displays. The Power Solutions products include integrated circuit, discrete solutions that are used for power management in various high-volume consumer applications. The Semiconductor Manufacturing Services section provides specialized mixed-signal foundry and analog services to fabless semiconductor companies. These companies serve computing, consumer and wireless end-markets. In 2012 March, the Magnachip Semiconductor Corp (NYSE:MX): subsidiary acquired Dawin Electronics Co. Ltd.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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