88 Biggest Movers From Yesterday Benzinga 12/24/2020
Gainers
Ocugen, Inc. (NASDAQ: OCGN) shares climbed 222.9% to close at $2.60 on Wednesday after the company announced it will convene its Meeting of Stockholders on Dec. 23 to modify a proposal, decreasing the proposed aggregate number of shares of common stock that the Company would be authorized to issue. Ocugen shares jumped around 174% on Tuesday after the company and Bharat Biotech announced plans to co-develop a whole-virion inactivated COVID-19 vaccine candidate.
Jaguar Health, Inc. (NASDAQ: JAGX) jumped 170.3% to close at $1.07 after the company signed an agreement with a secured lender involving the $6 million sale of royalty interest in Mytesi royalties.
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CRH Medical Corporation Announces Customer Update
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CRH Medical Corporation (
CRH , or the Company ) (TSX: CRH) (NYSE MKT: CRHM) announces that it has received notice today that its largest customer, United Digestive ( UD ), does not intend to renew its professional services agreements pursuant to which CRH provides anesthesia services to 12 of UD s surgery centers in the Greater Atlanta Georgia market. UD represents a significant portion of CRH s revenue, and is expected to represent approximately 20% of adjusted operating shareholder EBITDA ( EBITDA ) in 2021. The current professional services agreements are scheduled to expire on October 31, 2021, meaning that the non-renewal will become effective sometime thereafter, such that the effect on CRH s financial results will be seen beginning in 2022.