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BioMimetic gains on FDA confirmation of foot and ankle fusions study

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Shares of BioMimetic Therapeutics, Inc. (Nasdaq:BMTI) are gaining ground ahead of the bell after the developer of bio-active drug-device combination products said this morning that the Food & Drug Administration confirmed the status of its study for the treatment of foot and ankle fusions and said it should continue as originally designed.

Shares advanced 13%, or $1.35, to $11.34 ahead of the bell. For detailed price information and recent news stories about BioMimetic Therapeutics, click BMTI.