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Sunday 3 May 2015
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Stock’s Downfall: Kite Pharma Inc (NASDAQ:KITE), Etsy Inc (NASDAQ:ETSY), Nektar Therapeutics (NASDAQ:NKTR), Gevo, Inc. (NASDAQ:GEVO)

On Monday, Kite Pharma Inc (NASDAQ:KITE)’s shares declined -9.81% to $58.68.

NeoStem, Inc. (NBS), a biopharmaceutical company developing novel cell-based individualized medicine therapies, declared recently the expansion of manufacturing services under an existing Services Contract between its wholly-owned partner, PCT, and Kite Pharma, Inc. (KITE) (Kite), a clinical-stage biopharmaceutical company focused on developing engineered autologous T cell therapy (eACT(TM)) products for the treatment of cancer.

Kite Pharma, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel cancer immunotherapy products. The company is developing a pipeline of engineered autologous cell therapy-based product candidates for the treatment of solid and hematological malignancies.

Etsy Inc (NASDAQ:ETSY)’s shares dropped -9.72% to $24.90.

Etsy Inc (ETSY) commenced on The Nasdaq Stock Market on April 16, 2015.

Founded in 2005 and headquartered in Brooklyn, NY, Etsy is a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods.

As of December 31, 2014, Etsy has connected 54 million members, counting 1.4 million active sellers and 19.8 million active buyers, in nearly every country in the world. On Etsy, creative entrepreneurs find meaningful work and both global and local markets for their goods, and thoughtful consumers discover and buy unique goods and build relationships with the people who sell them.

Etsy, Inc. operates online and offline marketplaces to buy and sell handmade items, vintage goods, and craft supplies. Its platform connects sellers and buyers to sell or buy products for art, home and living, mobile accessories, jewelry, wedding, and others.

At the end of Monday’s trade, Nektar Therapeutics (NASDAQ:NKTR)‘s shares dipped -8.28% to $10.96.

Nektar Therapeutics (NKTR) stated recently that partner Baxter International Inc. declared that the company has presented a new drug application (NDA) to Japan’s Ministry of Health, Labour and Welfare for the approval of BAX 855, an investigational, extended half-life recombinant factor VIII (rFVIII) treatment based on ADVATE [Antihemophilic Factor (Recombinant)] for patients over 12 years of age with hemophilia A.

Nektar Therapeutics, a biopharmaceutical company, develops drug candidates that utilize its PEGylation and polymer conjugate technology platforms in the United States. Its product pipeline comprises drug candidates in therapeutic areas comprising oncology, pain, anti-infectives, and immunology.

Gevo, Inc. (NASDAQ:GEVO), ended its Monday’s trading session with 1,331.27% gain, and closed at $2.65.

Gevo, Inc. (GEVO) declared its financial results for the three months ended December 31, 2014 and offered an update on recent corporate highlights.

In the fourth quarter of 2014, Gevo continued to progress the commercial operation of isobutanol at Luverne under the Side-by-Side mode of production (SBS), meeting its stated milestone in December 2014 of producing greater than fifty thousand gallons of isobutanol in one month. This achievement was a result of the introduction of Gevo’s second-generation yeast biocatalyst at the plant, in addition to noteworthy process improvements learned by Gevo since switching the plant to SBS production earlier in 2014.

Gevo, Inc., a renewable chemicals and biofuels corporation, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks.

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