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Sunday 3 May 2015
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Stocks Closed below Support Line: Synta Pharmaceuticals (SNTA), Insys Therapeutics (INSY), Sangamo Biosciences, (SGMO), ZIOPHARM Oncology (ZIOP)

On Monday, Synta Pharmaceuticals Corp. (NASDAQ:SNTA)’s shares declined -9.67% to $2.43.

Synta Pharmaceuticals Corp. (SNTA) declared that Chen Schor, Executive Vice President, Chief Operating Officer, has been named President, Chief Executive Officer and a Director of the Company, effective May 7, 2015. Mr. Schor replaces Anne Whitaker, who is stepping down from her roles at Synta to pursue a professional opportunity at a large multinational pharmaceutical company.

Synta Pharmaceuticals Corp., a biopharmaceutical company, focuses on the research, development, and commercialization of novel oncology medicines for cancer patients.

Insys Therapeutics Inc (NASDAQ:INSY)’s shares dropped -9.61% to $56.42.

Insys Therapeutics Inc (INSY) declared that the Company will release its financial results for the first quarter 2015 on Thursday, May 7, 2015, before the U.S. financial markets open.

Insys Therapeutics, Inc., a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets Subsys, a proprietary sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant cancer patients; and Dronabinol SG Capsule, a dronabinol soft gelatin capsule that is generic equivalent to Marinol, an approved second-line treatment for chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS.

At the end of Monday’s trade, Sangamo Biosciences, Inc. (NASDAQ:SGMO)‘s shares dipped -9.25% to $13.34.

Sangamo Biosciences, Inc. (SGMO) stated its first quarter 2015 financial results and accomplishments.

For the first quarter ended March 31, 2015, Sangamo stated a merged net loss of $5.3 million, or $0.08 per share, contrast to a net loss of $7.6 million, or $0.12 per share, for the same period in 2014. As of March 31, 2015, the Company had cash, cash equivalents, marketable securities and interest receivable of $226.1 million.

Sangamo BioSciences, Inc., a clinical stage biopharmaceutical company, focuses on the research, development, and commercialization of engineered DNA-binding proteins as novel therapeutic products for unmet medical needs in the United States.

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP), ended its Monday’s trading session with -9.25% loss, and closed at $9.81.

ZIOPHARM Oncology Inc. (ZIOP) declared the initiation of a Phase 1b/2 study of Ad-RTS-hIL-12 + veledimex following standard chemotherapy for the treatment of patients with locally advanced or metastatic breast cancer. The study will be conducted at the Memorial Sloan Kettering Cancer Center in New York led by principal investigator Heather L. McArthur, M.D., M.P.H., Assistant Attending Physician, Breast Medicine Service, Memorial Sloan Kettering Cancer Center. Ad-RTS-hIL-12 is a novel gene therapy candidate for the controlled expression of IL-12, an important protein for collapsing tumor stroma and stimulating an anti-cancer T cell immune response.

ZIOPHARM Oncology, Inc., a biotechnology company, employs gene expression, control, and cell technologies to deliver cell-based therapies for the treatment of cancer. Its synthetic immuno-oncology programs, in partnershipwith Intrexon Corporation and the MD Anderson Cancer Center, comprise chimeric antigen receptor T cell (CAR-T) and other adoptive cell based approaches that use both non-viral and viral gene transfer methods for broad scalability.

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