On Air Now

Listen

Listen Live Now » 93.7 FM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
47° Feels Like: 43°
Wind: WNW 8 mph Past 24 hrs - Precip: 0.05”
Current Radar for Zip

Tonight

Rain 39°

Tomorrow

AM Clouds/PM Sun 60°

Sat Night

Mostly Clear 36°

Alerts

Tranzyme to explore strategic options

(Reuters) - Drugmaker Tranzyme Inc said it will explore strategic options, including a sale, less than two months after it stopped the second mid-stage trial of its drug for stomach paralysis.

The company retained Stifel as its financial adviser for the strategic review process, and said it has not made a decision to pursue any specific transaction.

Tranzyme went public in April 2011 at $4 per share and has a market value of $15 million. It has two other products in early testing.

Tranzyme shares closed at 56 cents on Thursday on the Nasdaq.

(Reporting by Esha Dey in Bangalore; Editing by Supriya Kurane)

Comments