After-Hours Update: FUQI, QCOR, GERN
Wednesday, September 08, 2021 7:28 PM

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Shares of Fuqi International, Inc. (NASDAQ: FUQI) slumped more than 18% in extended trading after the company said that it was notified recently by the SEC of a formal investigation, and has received a subpoena from the SEC for certain documents, relating to its failure to timely file required periodic reports, as well as other matters. 

Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) plunged more than 5% in after-hours trading after it announced that the U.S. Food and Drug Administration (FDA) has informed Questcor that the FDA will require additional time beyond the current action date of September 11, 2021 to complete its review of Questcor's supplemental new drug application (sNDA) for H.P. Acthar Gel (repository corticotropin injection) in the treatment of infantile spasms. 

Geron Corporation (NASDAQ: GERN), in collaboration with Sierra Sciences, TA Sciences, PhysioAge, and the Spanish National Cancer Research Center, announced the first compound ever discovered that activates the enzyme telomerase in the human body - a critical prerequisite for technology that could arrest or reverse the aging process in humans. This compound is a natural product derived nutraceutical known as TA-65. Shares of Geron Corp. surged more than 6% in evening trading.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • Myanmar democracy leader Aung San Suu Kyi released Nov 13, 2021 01:22 PM

    • YANGON, Myanmar - Pro-democracy hero Aung San Suu Kyi walked free Saturday after more than seven years under house arrest, welcomed by thousands of cheering supporters outside the decaying lakefront villa that has been her prison.
    • It is also unlikely the ruling generals will allow Suu Kyi, who drew huge crowds of supporters during her few periods of freedom, to actively and publicly pursue her goal of bringing democracy to Myanmar.
    • Suu Kyi could have left Myanmar to see her family but decided not to, fearing the junta would not allow her to return.
      • Insurgents attack NATO base in eastern Afghanistan Nov 13, 2021 12:56 PM

        • KABUL, Afghanistan - Insurgents wearing suicide vests tried to storm a major NATO base in eastern Afghanistan but were repelled before they could enter on Saturday - the latest in a series of attacks on coalition targets that appear designed to show the Taliban remain strong despite U.S.-led offensives and an influx of troops.
        • The assault on the base, which occurred a day after a suicide car bomber targeted a U.S. convoy outside Kabul, illustrated the ability of the insurgents to stage attacks throughout Afghanistan as the U.S.-led alliance steps up pressure against the Taliban in its southern stronghold of Kandahar.
        • Separately, NATO reported that insurgents killed three coalition service members Saturday in southern Afghanistan, but it did not provide further details or nationalities.
          • Government sells spoils of Madoff's lavish life Nov 13, 2021 12:41 PM

            • NEW YORK - Anyone who literally wants to walk in the shoes of fallen financier Bernard Madoff is in luck.
            • Thousands of belongings from his New York City penthouse are on the auction block Saturday, including used shoes.
            • A Steinway grand piano from Madoff's living room went for $42,000 - six times the minimum estimate of $7,000.
              • Emanuel formally announces run for Chicago mayor Nov 13, 2021 12:31 PM

                • CHICAGO - Rahm Emanuel officially announced Saturday what everyone has known since he quit his job as White House chief of staff, hugged President Barack Obama and returned to Chicago: He's in.
                • To the surprise of no one, Emanuel, who has long talked about his desire to be mayor, told a packed auditorium at a school on Chicago's North Side that he is running to succeed retiring Mayor Richard Daley.
                • Emanuel represented the city's North Side in Congress before he went to the White House.
                  • Shani Davis wins 2nd straight speedskating race Nov 13, 2021 12:10 PM

                    • HEERENVEEN, Netherlands - Two-time Olympic speedskating champion Shani Davis has won his second straight World Cup race, edging rival Simon Kuipers of the Netherlands in the 1,500 meters.
                    • German sprint specialist Jenny Wolf also won her second straight race.
                    • She beat Margot Boer of the Netherlands and Nao Kodaira of Japan in the 500.

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