EntreMed News

Yesterday's good gainers included EntreMed , which jumped 13.14%. During the millennial madness of the Internet bubble, its shares once rose 330% in a single day , to $51.8125. They now stand at $1.98, something to think about as Facebook parties like it's again 1999 this morning.

GXS of Gaithersburg, which provides business computer integration services, reported that its first-quarter net loss widened to $4.6 million from $3.8 million in the prior-year quarter.

The Company did not report any revenues for the first quarter 2012. As of , Vice President, Finance and Principal Accounting Officer, commented, "Our financial resources were dedicated primarily to the clinical development of our primary drug candidate, ENMD-2076. R&D expenses for the first quarter decreased from the previous year as fewer patients ... (more)

Rockville-based EntreMed Inc. narrowed its loss in its latest period by reducing research and development expenses.

The Nasdaq gave the company until May 21 to comply with a listing rule that requires companies to have at minimum level of stockholder equity and market value.