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Shares of Catalyst Pharmaceutical Partners (NASDAQ:CPRX) traded up 2.7% on Friday following a better than expected earnings announcement, American Banking News.com reports. The stock traded as high as $2.31 and last traded at $2.25, with a volume of 383,955 shares traded. The stock had previously closed at $2.19.

The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02.

The stock has a 50-day moving average of $2.30 and a 200-day moving average of $2.15. The company’s market cap is $150.5 million.

Catalyst Pharmaceutical Partners, Inc is a development-stage biopharmaceutical company. The Company is focused on the development and commercialization of prescription drugs targeting addiction diseases and disorders of the central nervous system with a focus on the treatment of addiction and epilepsy.

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