Anadarko Petroleum to Pay $5.15 Billion over Tronox Claims and Response Genetics Signs Six Additional Health Plans

Response Genetics, Inc. (NASDAQ: RGDX) shares climbed higher after the company announced that it has signed agreements with six additional health plans across 10 states bringing the Company's total national contracted membership to more than 174 million lives. The new agreements include additional Blue Cross Blue Shield contracts in Arizona, Iowa, South Dakota, Pennsylvania, Delaware, and West Virginia. The Company also signed new agreements with an Independent Physician Association (covering two states) in the North West region and a Commercial Health Plan (covering two states) in the North East region of the United States.

Response Genetics, Inc., a life science company, engages in the research, development, marketing, and sale of pharmacogenomic tests for use in the treatment of cancer primarily in the United States, Asia, and Europe. It develops genetic tests that measure predictive factors for tumor response in tumor tissue samples. The company offers tests for non-small cell lung cancer, colorectal cancer, gastric and gastroesophageal cancer, and melanoma cancer patients’ tumor tissue specimens through its ResponseDX: Lung, ResponseDX: Colon, ResponseDX: Gastric, and ResponseDX: Melanoma test suites. 

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Anadarko Petroleum Corporation (NYSE: APC) shares climbed after the company announced that it will pay $5.15 billion to resolve environmental cleanup claims that stem from the 2009 bankruptcy of paint materials maker Tronox. This could be the biggest environmental bankruptcy settlement on record and will end two years of litigation brought by a trust for governments, tribes and individuals that held claims against paint materials maker Tronox. Shares of APC hit a new yearly high of $100.

Anadarko Petroleum Corporation is engaged in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The company explores for and produces natural gas, crude oil, condensate, and natural gas liquids (NGLs). It also operates and provides gathering, processing, treating, and transportation systems and services.

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