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Micro-Cap on the Move; Talon Therapeutics Inc. (TLON)

By Warren Paige

Shares of Talon Therapeutics Inc. (OTC: TLON), a biopharmaceutical company engaged in the development and commercialization of new and differentiated cancer therapies, are climbing in trading today.

At last check, TLON shares were trading 8.57% higher at $1.52 on above average volume of 697,271. The stock touched a new 52-week high of $1.55 in trading today.

According to a filing made by Talon Therapeutics last week, the company’s Board of Directors approved an amendment to the 2006 Employee Stock Purchase Plan increasing the number of shares of TLON common stock available for purchase by 400,000. Under the original plan, the company had reserved 187,000 shares of TLON common stock.

TLON also said in the filing that it has moved its corporate offices to 400 Oyster Point Boulevard, Suite 200, South San Francisco, California.

 

July 24th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.