Benzinga’s Top Pre-Market Losers (SNTS, REVU, TITN, SMOD)

Santarus, Inc. (NASDAQ: SNTS) decreased 33.40% to $3.57 in the pre-market session. Santarus, Inc. announced that U.S. District Court for the District of Delaware has ruled that five patents covering the Company's ZEGERID (omeprazole/sodium bicarbonate) prescription products are invalid due to obviousness. The 52-week trading range for SNTS is $1.60 - $5.82. SNTS has gained over 50% in the last six months.

The Princeton Review, Inc (NASDAQ: REVU) fell 6.05% to $3.26 in the pre-market session. The Princeton Review, Inc. announced that it intends to offer, subject to market and other conditions, 14 million shares of its common stock in an underwritten public offering. Roth Capital Partners is acting as sole manager for the offering. The 52-week trading range for REVU is $3.46 - $6.17. REVU has declined over 21% in the last six months.

Titan Machinery Inc. (NASDAQ: TITN) plunged 13.44% to $13.01 in the pre-market session. Titan Machinery Inc. announced that it is anticipating achieving increased revenue for fiscal 2011 in a range of $920 million to $980 million and net income is expected to be in the range of $17.2 million to $19.0 million resulting in earnings per diluted share range of $0.92 to $1.02. The 52-week trading range for TITN is $8.61 - $17.00. TITN has climbed over 36% in the last year.

SMART Modular Technologies (WWH), Inc. (NASDAQ: SMOD) declined 6.35% to $7.97 in the pre-market session. SMOD closed at $8.51 in the last trading session. In the last six months, SMOD has surged over 80%.