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InterMune ($ITMN) Correcting after Wednesday’s Nosedive

InterMune (NASDAQ: ITMN) jumped 42 cents at $11.80 Thursday, a correction following the prior days’ steep decline. The Brisbane, Ca.-based biotech company saw its shares plunged 75% Wednesday after the U.S. Food and Drug Administration (FDA) refused to approve its experimental drug to treat a rare lung disorder.