Dallas,TX 12/24/2009 12:25:30 AM
News / Business

Biggest Percentage Gainers: CGEN, PSDV, ACHN

Biggest Percentage Gainers

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Compugen Ltd. (USA) (NASDAQ:CGEN) is the biggest percentage gainers and soared 92% to $5.45 after hitting a new 52-week high of $5.58. Also, today volume is very high and within less than an hour of trade a total of 5.78 million shares have been traded compare to its average volume of 53K shares.Today, Compugen Ltd. announced that it has signed a collaboration agreement with Pfizer for the predictive discovery by Compugen of therapeutic peptide product candidates for three drug targets of interest to Pfizer. The discovery process, which will be based on various Compugen discovery platforms and funded by Pfizer, is expected to take a few months, following which the predicted molecules will be synthesized and delivered to Pfizer.

 

PSivida Corp. (NASDAQ:PSDV)  soared 54.24% to 55.43 after pSivida Corp. announced the top-line 24 month results from the Phase III FAME study of Iluvien for the treatment of Diabetic Macular Edema (DME) being conducted by pSivida's collaborative partner Alimera Sciences. The FAME study was designed as two Phase 3 pivotal clinical trials (Trial A and Trial B). 956 patients with DME were enrolled and randomized to receive either a high dose Iluvien (0.45 µg/day), a low dose Iluvien (0.23 µg/day) or a sham insertion.

 

Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) jumped 14.50% to $3.64 after Analysts at Roth Capital Partners initiated coverage of the small-cap stock with a buy rating. Achillion Pharmaceuticals, Inc. (Achillion) is a biopharmaceutical company focused on the discovery, development and commercialization of treatments for infectious diseases.

 

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