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Xmark stake in Genaera continues to increase
By Lisa Kerner
Charlotte, N.C., July 12 - Xmark Opportunity Partners, LLC continued to build its stake in Genaera Corp. with the purchase of an additional 233,261 shares of the company's stock between June 29 and July 5, priced from $2.65 to $2.96 per share.
The reporting persons beneficially own 2,994,491shares, or 17.2%, of the company's outstanding stock, as stated in a schedule 13D filing with the Securities and Exchange Commission.
As previously reported, Xmark bought 186,221 shares of Genaera between June 26 and June 28 for a total of $478,809.15, raising its stake to 2,761,230 shares, or 15.8%.
On July 3, Xmark reported buying 330,548 shares for a total of $857,556.60, raising its stake to 2,575,009 shares, or 14.8%. Xmark bought those shares from May 25 to June 19 at prices from $2.4837 to $2.9807.
Genaera is a biopharmaceutical company based in Plymouth Meeting, Pa.
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