Northern,WI  1/31/2013 (BasicsMedia) – When it gets to the end of the week sometimes we just can’t wait for it to be over and for the following companies it couldn’t be more true as we look at who is heading the wrong way.

Good news has a way of moving the arrow up and bad news has a tendency to move the arrow in the wrong direction. Just ask Celsion (NASDAQ:CLSN). Shares of the company are plunging after the company said its experimental treatment for liver cancer failed in a late-stage human study. This news has caused a over 80% drop in value today.

The Lawrenceville, New Jersey-based Celsion is testing its Thermodox injected drug technology, which delivers chemotherapy in what the company hopes is a more targeted approach to killing cancer. Thermodox is being tested for other types of cancer but, as a therapy for liver cancer, it was in the third and final phase of studies usually needed for US drug approval.

The results “are not what we wanted or expected,” CEO Michael Tardugno told investors on a conference call Thursday morning.
He said the company will conduct more analysis to determine the “future strategic value” of Thermodox. In other words how do we get our money back.

Ah, a nice cold one would go good tonight after work. Constellation Brands Inc. (STZ)  is off some 15% today as a merger between Budweiser and Cornona has been challenged.

Constellation Brands, Inc. produces and markets beverage alcohol in the United States and internationally. The companys Constellation Wines North America segment produces, markets, and exports wine, as well as sells various wine brands across various categories, including table wine, sparkling wine, and dessert wine. It offers wine under the Robert Mondavi Brands, Clos du Bois, Blackstone, Estancia, Arbor Mist, Toasted Head, Simi, Black Box, Ravenswood, Rex Goliath, Kim Crawford, Franciscan Estate, Wild Horse, Ruffino, Nobilo, Mount Veeder, Inniskillin, and Jackson-Triggs brands; and spirits under the SVEDKA Vodka, Black Velvet Canadian Whisky, and Paul Masson Grande Amber Brandy brands. This segment also produces and markets wine kits and beverage alcohol refreshment drinks; and bulk wine and other related products and services. Constellation Brands, Inc.s Crown Imports segment imports, markets, and sells beer primarily under the Modelo Brands that comprise Corona Extra, Corona Light, Coronita, Modelo Especial, Pacifico, Negra Modelo, and Victoria brands.

Another big downward mover is D.C.-based Liquidity Services Inc. which is off some 24% due to a reported lower net income in its latest quarter as acquisition costs cut into the bottom line. Revenue, however, rose.

Liquidity Services, which sells surplus and scrap materials for the federal government and private customers, said Thursday that net income was $6.7 million, or 20 cents per diluted share, in the fiscal 2013 first quarter ended Dec. 31, 2012. That compares with net income of $9.1 million, or 28 cents per diluted share, a year ago.

The company (NASDAQ: LQDT) said costs associated with its acquisition of Jacobs Trading Co. hurt its the bottom line, but revenue got a boost from the deal.

Total revenue rose 15 percent in the quarter to $122.2 million from $106 million in the comparable period.

Disclaimer:  We have no position in any stock mentioned here.

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