Dallas, Tx 4/6/2010 1:22:39 AM
News / Business

Top Medical Stocks Surge in Morning Session (NADX, AIS, BAX)

Medical Stocks

 

Antares Pharma, Inc. (AMEX:AIS) zoomed 7.84% to $1.65 on an unusual high volume. Today the stock also touched a new 52 week high at $2.00.  

 

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National Dentex Corporation (NASDAQ:NADX) is amongst the top gainer in the early morning trade and sky rocketed 67.96% to $16.83 after it announced that it has entered into a definitive agreement and plan of merger to be acquired by GDC Holdings, Inc. (GDC), which is a holding company of GeoDigm Corporation (GeoDigm), a technology based manufacturing and laboratory company and a portfolio company of Welsh, Carson, Anderson & Stowe XI, L.P. (Welsh Carson). Under the terms of the merger agreement, National Dentex's shareholders will receive $17.00 in cash for each share of National Dentex common stock they hold, representing a premium of approximately 70% over National Dentex's most recent closing share price of $10.02 on April 1, 2010.  Today the stock also touched a new 52 week high at $16.90.

 

Baxter International Inc. (NYSE:BAX) added 0.31% to $58.41. The stock has a 52-week range of $45.46-$61.88.

 

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