Beststocksdaily.com Issues Investment Alert On (NASDAQ:PPHM), (NASDAQ:SQNM), (NASDAQ:ILMN), (NYSE:NSM), (NASDAQ:EPOC)

Jan 7, 2013 11:38:17 AM PST

Peregrine Pharmaceuticals(NASDAQ: PPHM) shares surged 50.37% to $2.03 after the company provided an update from its internal review of discrepancies from its Phase II randomized, double-blind placebo-controlled trial of bavituximab in second-line non-small cell lung cancer (NSCLC) in 121 patients. The review was prompted by the discovery of vial coding discrepancies while preparing for an end of Phase II meeting with the FDA.

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Sequenom, Inc. (NASDAQ: SQNM) shares fell 5.35% to $4.95. The company announced the Company's participation at the upcoming 31(st) Annual JP Morgan Healthcare Conference, to be hosted at the Westin St. Francis Hotel in San Francisco, CA. On Wednesday, January 9th, Chairman and CEO Harry F. Hixson, Jr., Ph.D, and Ronald M. Lindsay, Ph.D., Director and EVP of Strategic Planning, will present starting at 11:30 am PT (2:30 pm ET) to provide an overview of and update on the Company.

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Illumina, Inc. (NASDAQ: ILMN) stock dropped 8.35% to $50.19 after the company will buy prenatal test company Verinata Health Inc. for $350 million and up to $100 million in milestone payments through 2015. The deal signals another move by a manufacturer of laboratory-based gene-sequencing tools into diagnostics, one step away from consumers. The company will gain control of Redwood City-based Verinatas Verifi non-invasive prenatal test that identifies fetal chromosomal abnormalities, such as those found in Down syndrome.

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Nationstar Mortgage Holdings Inc (NYSE: NSM) shares climbed 17.69% to $39.15 after the company said its wholly-owned unit, Nationstar Mortgage LLC, would acquire around $215 billion in residential mortgage servicing rights or "MSRs", as measured by unpaid principal balance or UPB as of November 30, 2012, and certain other assets from Bank of America.

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Epocrates, Inc. (NASDAQ: EPOC) shares climbed 21.83% to $11.72 in the early hour after Athenahealth Inc. (ATHN) said it is acquiring Epocrates for about $293 million to gain a leading iPhone app and expand in electronic records. Athenahealth will pay $11.75 a share for San Mateo, California-based Epocrates. The cash offer exceeded Epocrates Jan. 4 closing price by 22%, was approved by both companies boards.

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