Active Penny Stocks in the News
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Pervasip Corp. (OTCBB: PVSP) reached up 88.89% in morning trading to $.17 with 100K shares traded. Pervasip Corp. (OTCBB:PVSP.ob - News), a provider of cloud-based communications solutions, applications and services, today announced that for the fourth time, its lender has cancelled warrants to purchase 2.5 million shares of Pervasip common stock. The lender has agreed to cancel warrants to purchase 2.5 million shares of Pervasip common stock for each $50,000 of equity injected by an investor group, until all warrants are canceled upon the receipt of $300,000 in total. As of today, warrants to purchase 10 million shares of Pervasip common stock have been cancelled in total, and warrants to purchase 5.9 million shares remain outstanding.
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AspenBio Pharma, Inc. (NASDAQ: APPY) reached up 52.23% in morning trading to $.8677 with 2M shares traded. AspenBio Pharma, Inc. is developing and commercializing innovative products that address unmet diagnostic and therapeutic needs. AspenBio Pharma, Inc. (NASDAQ:APPY - News) today announced that the Company has initiated manufacturing of its AppyScore™ cassette-based test system to be used in further validation and verification testing of AppyScore -- a novel, blood-based diagnostic test designed to aid emergency department physicians in the difficult challenge of evaluating patients suspected of having appendicitis. Initial pre-clinical market testing is anticipated to commence prior to the end of the fiscal year. In addition, the Company reported that it has made key additions to its team to support AppyScore's clinical development, regulatory submission and market launch planning. Aspen has contracted with Michael Wandell, PharmD to lead its human diagnostic products' clinical and regulatory strategy, including taking over primary responsibility for clinical validation study design and ongoing communications with the US Food and Drug Administration, and Erik Miller to spearhead commercial planning efforts, including pre-clinical field testing of the AppyScore system.
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SuperGen, Inc. (NASDAQ: SUPG) reached up 19.31% in morning trading to $2.78 with 2M shares traded. SuperGen is a pharmaceutical company dedicated to the discovery and development of novel cancer therapeutics in epigenetic and cell signaling modulation. The Company develops products through biochemical and clinical proof of concept to partner for further development and commercialization. SuperGen, Inc. (NASDAQ:SUPG - News) yesterday reported financial results for the third quarter and nine months ended September 30, 2010.
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