Thursday, July 28, 2011

Spectrum Pharmaceuticals Jumps On Renewed Takeover Chatter

Shares of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) rallied as much as 3% on Thursday on renewed speculation that the company could be a takeover target. Spectrum Pharmaceuticals, Inc., a commercial-stage biotechnology company, primarily focuses on oncology and hematology. The company engages in acquiring, developing, and commercializing a broad and diverse pipeline of late-stage clinical and commercial products. The company will release its second quarter earnings on August 4, 2011.

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