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Company News for Jan 11, 2021

Zacks Equity Research
·1 min read
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  • Shares of Chimerix, Inc. CMRX jumped 69.1% after the company announced that it has acquired Oncoceutics, a clinical-stage biotechnology company developing imipridones for $78 million in cash and stock.

  • Globalstar, Inc.’s GSAT shares rose 41.6% after business partner Nokia has entered into an agreement with Tideworks Technology, to deploy Globalstar’s Band 53 spectrum at the Port of Seattle, Terminal 5.

  • Shares of Merus N.V. MRUS surged 28.3% after the company announced that FDA granted Fast Track Designation to Zenocutuzumab for the treatment of patients with neuregulin 1 fusion cancers.

  • F5 Networks, Inc.’s FFIV shares jumped 17.7% after the company announced plans to acquire Volterra for approximately $500 million.


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