Somaxon Pharmaceuticals, Inc. (SOMX)

[surf1944]

8:05AM Somaxon Pharmaceuticals approves 1-for-8 reverse stock split and decrease in the number of authorized shares of its common stock to 25 mln shares (SOMX) 0.26 : Co announced that its Board of Directors approved a 1-for-8 reverse stock split of its common stock and a decrease in the number of authorized shares of its common stock from 100,000,000 to 25,000,000 shares. The reverse stock split and the decrease in the number of authorized shares of common stock were authorized by Somaxon's stockholders at a special meeting held on October 5, 2012.