Top Drug Stocks are NEXM, MYL, SOMX

NexMed, Inc. (NASDAQ:NEXM) is amongst the top gainer in the early morning trade and soared 4.89% to $0.590 on a massive volume of 2.00 million shares.  The stock has a 52-week range of $0.08-$0.84. NexMed, Inc. is a pharmaceutical and medical technology company with a focus on developing and commercializing therapeutic products based on its delivery systems. The Company focuses its efforts on new and topical pharmaceutical products based on a penetration enhancement drug delivery technology known as NexACT, which may enable an active drug to be better absorbed through the skin.

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Mylan Inc. (NASDAQ:MYL) is amongst the top gainer in the early few hours. The stock has spurted 1.12% and is trading at $18.07 with a massive volume of 1.95 million shares. The stock has a 52-week range of $10.22-$19.21. Mylan Inc. (Mylan) and its subsidiaries comprise a global pharmaceutical company that develops, licenses, manufactures, markets and distributes generic, brand and branded generic pharmaceutical products and active pharmaceutical ingredients (API). As of May 5, 2009, the Company held a 71.2% interest in Matrix Laboratories Limited (Matrix). Through Matrix, it manufactures and supplies API for its own products and pipeline, as well as for third parties. Mylan has three segments: the Generics Segment, the Matrix Segment and the Specialty Segment.

Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) climbed up 5.44% over its previous day’s price and now trades at $1.55 on a massive volume of 1.03 million shares. The stock has a 52-week range of $0.17-$4.80. Somaxon Pharmaceuticals, Inc. (Somaxon) is a specialty pharmaceutical company focused on the in-licensing and development of product candidates for the treatment of diseases and disorders in the central nervous system therapeutic area. The Company is focused on the development of Silenor.

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