On Air Now

Current Show

Jill on Money   6:00 AM - 8:00 AM

Follow Jill on Twitter @jillonmoney

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
63° Feels Like: 63°
Wind: NNW 14 mph Past 24 hrs - Precip: 0.04”
Current Radar for Zip

Today

Scattered Thunderstorms 62°

Tonight

Partly Cloudy 41°

Tomorrow

Sunny 64°

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