Peregrine Pharmaceuticals (PPHM) Goes Red to Green

August 15, 2012 11:32 AM EDT
After trading lower earlier, Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM) jumped into positive territory. Shares are now up 1 percent.

We are hearing this is related to positive commentary on today's Wedbush conference. Sources on the call said it's going "great."

Earlier, Roth Capital added the stock it to its Focus List.

Shares are up 350 percent since the end of June, mainly on the hopes for cancer drug bavituximab.


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