AGIXAtheroGenics, Inc (stock symbol)
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Established in 1983, AGIX distribution is now one of the leading distributors in the video surveillance market in France.
AGIX distribution with a solid customer base, merge the two companies will strengthen the relevance of the offer monitoring and safety in France both in terms of the range of products at the level of the support and services provided to customers.
About this acquisition, Alain Dumouchel, manager of AGIX distribution and responsible future security department in France, said: "We look forward to being part of EET Europarts to bring our long experience and expertise in the security & monitoring team of the group.
The question now seems to be who, if anyone, will pick up the pieces of the late-phase candidates AGIX had been developing.
Yesterday afternoon, we learned that AstraZeneca has entered into a licensing deal with AGIX for the global development and commercialization of its anti-inflammatory cardiovascular product candidate, AGI-1067.
This sentiment allows room for downgrades, but it's interesting to note that five brokerages, almost half of those that express a preference, have AGIX at a cautious "hold" or worse.
5 million AGIX shares are currently sold short, and the number increased by more than 10 percent during November.
In the options pits, today's Schaeffer's put/call open interest ratio (SOIR) for AGIX is 0.
AGIX sports a Schaeffer's Equity Scorecard rating of 6.