(EMAILWIRE.COM, November 13, 2009 ) Dallas, TX - Altus Pharmaceuticals Inc. (NASDAQ:ALTU) decreased 20% to $0.0800 after the company filed Wednesday for Chapter 7 bankruptcy — a step that usually results in liquidation of a company’s assets. A month ago, Altus said it was selling its equipment. Two months ago, Altus said it was ending drug-discovery operations. As of June 30 the company had $8.1 million in cash and cash equivalents on hand.


Silverleaf Resorts, Inc. (NASDAQ:SVLF) declined 19.47% to $0.910 after the company yesterday posted a third-quarter net loss of $3.9 million, which the company attributes to an $18.5 million write-down on uncollectible revenue. During the first nine months of the year, Silverleaf Resorts' total revenue dropped 10.2 percent to $183.7 million, down from $204.5 million during the same period of 2008.


Trimeris, Inc. (NASDAQ:TRMS) plunged 17.83% to $2.95 after the company announced that in connection with the Agreement and Plan of Merger dated October 2, 2009, by and among Trimeris, Arigene Co., Ltd. and RTM Acquisition Company, Arigene has requested through counsel that Trimeris consent to an extension of the expiration date of the tender offer for all of Trimeris' outstanding shares of common stock commenced by Arigene and the Purchaser on October 19, 2009, pursuant to the terms of the Merger Agreement.

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