Shares of Exelixis, Inc. (NASDAQ:EXEL) ended Wednesday session in red amid volatile trading. The shares closed down -2.13 points or -13.76% at $13.35 with 28.08 million shares getting traded. Post opening the session at $15.57, the shares hit an intraday low of $12.07 and an intraday high of $15.58 and the price vacillated in this range throughout the day. The company has a market cap of $3.11 billion and the numbers of outstanding shares have been calculated to be 230.33 million shares.
Exelixis, Inc. (EXEL) on September 26, 2016 announced that accomplished biopharmaceutical executive Julie Anne Smith has been elected to the company’s Board of Directors. Ms. Smith’s appointment took effect on September 22, 2016.
Ms. Smith has nearly two decades of operational leadership experience in high growth public, private, startup, and established biopharmaceutical businesses. She currently serves as president and chief executive officer of Raptor Pharmaceuticals, a commercial-stage, global innovator in the development and commercialization of orphan disease therapies. Ms. Smith previously held key commercial and strategic leadership positions at companies including Enobia Pharma, Jazz Pharmaceuticals, and Genzyme.
“I’m delighted to welcome Julie Anne Smith to the Exelixis board of directors,” said Stelios Papadopoulos, Ph.D., an Exelixis-co-founder and chairman of the company’s board. “Her deep commercial expertise will serve Exelixis well as the company continues to execute on the launch of its latest therapy, CABOMETYX, following regulatory approval in the United States earlier this year.”
Shares of Community Health Systems (NYSE:CYH) ended Wednesday session in green amid volatile trading. The shares closed up +0.72 points or 6.90% at $11.16 with 7.33 million shares getting traded. Post opening the session at $10.51, the shares hit an intraday low of $10.32 and an intraday high of $11.27 and the price vacillated in this range throughout the day. The company has a market cap of $1.28 billion and the numbers of outstanding shares have been calculated to be 113.64 million shares.
Community Health Systems (CYH) on September 19, 2016 announced that the Company, with the assistance of advisors, is exploring a variety of options with financial sponsors, as well as other potential alternatives.
The discussions are at a very preliminary stage and there is no timeline established for this review. There can be no certainty that the exploration will result in any kind of transaction. The Company does not expect to make further public comment regarding these matters while the exploration process takes place.
“Community Health Systems’ primary focus continues to be on delivering high-quality health services in the communities where we operate,” said Wayne T. Smith, chairman and chief executive officer of Community Health Systems, Inc. “Our management team is completely committed to efforts that advance clinical excellence, operational and financial performance and growth strategies that will benefit our organization and the customers we serve.”