On Tuesday, Shares of EnteroMedics Inc (NASDAQ:ETRM), subtract -5.08% and closed at $0.112 in the last trading session. The last trading range of the stock ranges between $0.11 and $0.12. The company’s Market capitalization is $7.39 million with the total Outstanding Shares of 69.70 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.11 and reached to max level of $4.95. EnteroMedics Inc. (ETRM), the developer of medical devices using neuroblocking technology to treat obesity, metabolic diseases and other gastrointestinal disorders, recently highlighted the Company’s recent achievements in a letter to shareholders, ahead of the Company’s anticipated special meeting of shareholders to be held October 19, 2016.
As I reflect on my first year as Chief Executive Officer of EnteroMedics, I am happy with the progress we’ve made as a company and now, more than ever, believe we have taken noteworthysteps toward expanding the availability of vBloc® Therapy to a large and growing number of those living with a disease which has become one of the greatest threats to public health in modern history: obesity.
Last week, on October 5, 2016, we declared perhaps our most noteworthyvictory towards achieving this aim. Through a national contract with our distribution partner, Academy Medical, LLC, we declared that vBloc Therapy is now available to all U.S. veterans at VA medical facilities. This means that the over one million obese U.S. Veterans may receive vBloc Therapy at any VA medical facility at little to no cost in accordance with their Veterans’ health benefits.
Array Biopharma Inc (NASDAQ:ARRY), dropped -2.72% and closed at $6.61 in the last trading session. The last trading range of the stock ranges between $6.50 and $6.97. During the 52-week trading session the minimum price at which share price traded, registered at $2.38 and reached to max level of $7.27. Array BioPharma Inc. (ARRY) declared recently the closing of its underwritten public offering of 21,160,000 shares of its common stock, which includes 2,760,000 shares of common stock issued upon the exercise in full of the option to purchase additional shares granted to the underwriters, at a public offering price of $6.25 per share. The total gross proceeds from the offering are $132.25 million, before underwriting discounts and commissions and offering expenses.
J.P. Morgan Securities LLC and Cowen and Company, LLC acted as joint book-running managers for the offering. Stifel and Wells Fargo Securities, LLC acted as lead managers and SunTrust Robinson Humphrey, Inc. acted as co-manager.
The shares were sold following an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
On the otherhand Enterprise Products Partners L.P. (NYSE:EPD), lost -0.62% and closed at $27.27 in the last trading session. The last trading range of the stock ranges between $26.96 and $27.51. The company’s Market capitalization is $58.31 billion with the total Outstanding Shares of 2.09 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $19.00 and reached to max level of $30.10. Enterprise Products Partners L.P. (EPD) (“Enterprise”) declared recently that the board of directors of its general partner declared a boost in the quarterly cash distribution paid to partners to $0.405 per common unit, or $1.62 per unit on an annualized basis. This distribution is equal to the distribution that Enterprise’s administration had indicated in its press release dated January 4, 2016 that it would recommend to the board of Enterprise’s general partner with respect to the third quarter of 2016.
The quarterly distribution will be paid on Monday, November 7, 2016, to unitholders of record as of the close of business on Monday, October 31, 2016. This distribution, which represents a 5.2 percent increase over the distribution declared with respect to the third quarter of 2015, is the 58th distribution increase since Enterprise’s initial public offering in 1998 and the 49th successive quarterly increase.