After Hours Summary: VSAR -84% drops after Phase 3 trial fails to meet primary endpoint, PSDO -8.2% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: APC +1.9% (continued strength following today's 8%+ move higher), ICPT +1.1% and JUNO +0.9% (modestly rebounding), TXN +0.8% (authorizes the repurchase of additional $6.0 bln of common stock; to raise quarterly cash dividend), HPE +0.7% (ticking higher - to reduce headcount by approx 10%, according to Bloomberg sources)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PSDO -8.2%
Companies trading lower in after hours in reaction to news: VSAR -84% (announces Phase 3 VELOCITY trial of somavaratan in pediatric growth hormone deficiency did not meet primary endpoint; plan to provide a corporate update later this year ), FALC -24.4% (Nasdaq will suspend trading on September 25; shares will be quoted on OTCQB), RUN -1.1% (extending late move lower)