NEW YORK (
) is trading at unusually high volume Friday with 7.6 million shares changing hands. It is currently at four times its average daily volume and trading down 19 cents (-8.8%) at $1.96 as of 11:06 a.m. ET.
Biosante has a market cap of $143.7 million and is part of the
industry. Shares are up 31.1% year to date as of the close of trading on Thursday.
BioSante Pharmaceuticals, Inc., a specialty pharmaceutical company, develops products for female sexual health and oncology.
TheStreet Ratings rates Biosante as sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and generally weak debt management. You can view the full
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