Major Healthcare Stocks Rallying (PTN, NEXM, DSCO, SNSS)

Palatin Technologies, Inc. (AMEX:PTN) surges 17% to $0.339 on 1.82 million shares. Palatin Technologies, Inc is a biopharmaceutical company engaged in the development of peptide, peptide mimetic and small molecule compounds with a focus on melanocortin and natriuretic peptide receptor systems.

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NexMed, Inc. (NASDAQ:NEXM) soars 3% to $0.515 on 1.34 million shares. This week, the company announced that the U.S. Food & Drug Administration or FDA has cleared the company to proceed with the proposed Phase 2 trial of PrevOnco, its proprietary cancer treatment for patients with advanced, unresectable hepatocellular carcinoma or HCC, or liver cancer.

Discovery Laboratories, Inc. (NASDAQ:DSCO) increased 7.47% to $0.559 on 1.05 million shares. The company reported that its first-quarter net loss was $7.3 million or $0.05 per share, compared to a net loss of $9.0 million or $0.09 per share in the year ago quarter.

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) is up 3.47% to $1.19 on 2.08 million shares. Sunesis Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of new oncology therapeutics for the treatment of hematologic and solid tumor cancers.

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