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Actionable news in KERX: Keryx Biopharmaceuticals, Inc.,

10 Biggest Mid-Day Losers For Monday

  • Keryx Biopharmaceuticals KERX 31.25% shares dipped 29.3 percent to $5.20 after the company revealed that there is an imminent supply interruption of Auryxia (ferric citrate) tablets due to a production-related issue converting active pharmaceutical ingredient (API) to finished drug product. As a result, the company also withdrew the outlook for the current year. The company also reported second quarter results incurring a net loss of $44.7 million, or $0.42 loss per share, wider than a net loss of $26.9 million, or $0.26 loss per share, for the comparable period in 2015.
  • Transocean LTD RIG 5.14% shares fell 4.7 percent to $10.46. Transocean and Transocean Partners LLC RIGP 10.71% revealed Monday they have struck a deal whereby the former would buy all the outstanding units of the latter in a share-for-unit merger transaction. As a result, Transocean Partners would get 1.1427 shares of the company for every unit held.

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