Biotech Stocks Top Movers are LXRX, GNVC, HEPH

Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) is amongst the top gainers in the early hours with an unusual massive volume of 5.50 million shares and zoomed 19.29% at $2.35. The stock has a 52-week range of $0.81-$3.78. The company announced that it obtained positive results from a recently completed Phase 2 study of LX4211 in patients with type 2 diabetes mellitus. LX4211 is a once-per-day, orally-delivered, small molecule drug candidate that inhibits the sodium-dependent glucose transporter 2 (SGLT2), lowering the accumulation of glucose in the body and reducing caloric load. LX4211, dosed as a single agent, provided improvements in glycemic control, demonstrating statistically significant benefits in the primary and multiple secondary efficacy endpoints.

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GenVec, Inc. (NASDAQ:GNVC) rallied 7.36% to $2.08 on a massive volume of 2.97 million shares. The stock today also touched a new 52 week high at $2.23. GenVec, Inc. (GenVec) is a clinical stage biopharmaceutical company developing gene-based therapeutic drugs and vaccines. Its lead product candidate, TNFerade biologic (TNFerade), is being developed for use in the treatment of cancer. Using GenVec’s core adenovector technology, TNFerade stimulates the production of tumor necrosis factor alpha (TNFa), a known anti-tumor protein, in cells of the tumor.

Hollis-Eden Pharmaceuticals Inc. (NASDAQ:HEPH) surged 3.06% to $0.660 with an unusual massive volume of 1.53 million shares. The stock has a 52-week range of $0.27-$0.98.  Hollis-Eden Pharmaceuticals, Inc. (Hollis-Eden) is a development-stage pharmaceutical company engaged in the discovery and development of products for the treatment of diseases and disorders in which the body is unable to mount an appropriate immune or metabolic response due to disease or the process of aging.

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