Biopharma Stock Pushes Higher on Drug Deal

    Aralez Pharmaceuticals Inc. (TSE:ARZ), a biopharma stock, announced that it will acquire the U.S. rights to Toprol-XL from AstraZeneca

    Sean Mason | October 4, 2016 | SmallCapPower

    An AstraZeneca drug buy lifted a biopharma stock Tuesday. Here’s some small stocks making big moves on Tuesday, October 4, 2016 (as of 4 pm EST):

    Biopharma stock Aralez Pharmaceuticals Inc. (TSE:ARZ) gained 7% to $7.03 on Tuesday after announcing that it will acquire the U.S. rights to Toprol-XL (metoprolol succinate) and its Authorized Generic from AstraZeneca. Toprol-XL is a cardioselective beta-blocker indicated for the treatment of hypertension, alone or in combination with other antihypertensives; the long term treatment of angina pectoris and treatment of stable, symptomatic (NYHA class II or III) heart failure of specific origins.

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    As well, shares of Sirios (CVE:SOI) sank 28% to $0.65 as the gold explorer released the first results of the ongoing diamond drilling campaign at its flagship Cheechoo gold project in Quebec, which included grades of 11.2 g/t gold over 5.8 metres including 56.2 g/t gold over 1.1 metres.

    dynaCERT Inc. (CVE:DYA) stock, meanwhile, continued to move higher Tuesday, up to 25% to $0.37. Shares of the carbon emission reduction technology provider have soared 160% since the Company reported last Thursday that certain major shareholders including directors of the company have entered into a formal strategic Voluntary Lock-Up Agreement for a total of more than 55 million shares for a term of 180 days.

    Finally, Zecotek Photonics Inc. (CVE:ZMS) shares rose 4% to $0.28 after the developer of photonics technologies for industrial, healthcare and scientific markets announced that total unaudited revenue for fiscal 2016 increased 235% to a record $1,513,712.

    Related: Zecotek Photonics (CVE:ZMS) is Moving From R&D to Revenue Generation

    To find out more about Zecotek Photonics Inc., please visit the company’s Investor Hub.

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