Morning Market Losers (BMTI, NSPH, HEAT, PAL)

BioMimetic Therapeutics Inc BMTI shares dropped 32.86% to $8.99 at 9:55 am. BMTI reported a Q1 net loss of $8.0 million. Nanosphere Inc NSPH dipped 27.99% to $2.11. NSPH priced its underwritten public offering of 13,640,000 shares of its common stock at $2.20 per share. SmartHeat Inc HEAT shares moved down 26.98% to $2.30. HEAT reported a 16% y/y decline in its Q1 sales. North American Palladium Ltd PAL fell 19.61% to $4.55. PAL lowered its 2011 palladium production projections. Read more from Benzinga's Markets.