Xmark reports 19.4% ownership of Genaera after share purchases

By Lisa Kerner

Charlotte, N.C., Aug. 17 - Xmark Opportunity Partners, LLC continued to build its stake in Genaera Corp. with the purchase of 212,500 shares of the company's stock between July 27 and Aug. 8 priced from $2.67 to $3.00 each.

The transactions were listed in a schedule 13D filing with the Securities and Exchange Commission.

Xmark owns 3,389,314 shares, or 19.4%, of the Plymouth Meeting, Pa., biopharmaceutical company.

On Aug. 6, Xmark reported buying 182,323 shares between July 10 and July 25 priced from $2.58 to $2.81 each, for an 18.2% total stake in Genaera. Xmark reported owning 14.8% of Genaera on July 3, according to a prior SEC filing.

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