Not to be outdone, CytRx Corp (CYTR) jumped more than 15% as the company announced it had established a new subsidiary dedicated to RNAi technology research. RXi Pharmaceuticals will be lead by top notch scientists including Nobel Prize winner, for his work on RNAi research, Dr. Craig C. Mello.
Shares of AtheroGenics (AGIX) tumbled more than 10% following the company's decision to delay the release of data from its phase III clinical trial results of AGI-1067 for the treatment of coronary artery disease. The company was slated to present the data at the J.P. Morgan Healthcare Conference on Wednesday afternoon, but instead it will make the presentation in March at the American College of Cardiology meeting.
ALNY vs. CYTR vs. AGIX 1-yr chart