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JA Solar Holdings (Nasdaq: JASO) $6.96. Today announced that it has entered into a long-term supplemental wafer and polysilicon supply agreement with GCL-Poly Energy Holdings Limited and its subsidiaries.
Under the adjusted terms of this supplemental agreement, GCL-Poly will supply JA Solar with an aggregate of approximately 10GW of high quality polycrystalline wafers and polysilicon products for a five year period, from January 2011 to December 2015, at pre-determined shipment volume. The agreement also contains a clause for a price adjustment mechanism.
What They Do: JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products.
Sangamo BioSciences (Nasdaq: SGMO) $4.94. Today announced the presentation of Phase 2 clinical data from its ZFP Therapeutic program to develop SB-509, a zinc finger protein transcriptional activator (ZFP-TF) of the vascular endothelial growth factor (VEGF)-A gene as a treatment for ALS. The data from study SB-509-801 demonstrated that the drug was well-tolerated in subjects with ALS and that 40% of SB-509 treated subjects had delayed deterioration of toe and ankle muscle strength as measured by manual muscle testing (MMT) compared to 23% of baseline-matched historic controls. In addition, positive improvements in electrophysiological measures of motor nerves were observed in a subset of treated subjects. The data were presented at the Society for Neuroscience Annual Meeting which is being held in San Diego.
What They Do: Sangamo BioSciences, Inc. is focused on research and development of novel DNA-binding proteins for therapeutic gene regulation and modification.
The Wet Seal (Nasdaq: WTSLA) $3.25. Today announced net sales and comparable store sales for the four-week period ended November 27, 2010, or fiscal November.
Ed Thomas, president and chief executive officer of The Wet Seal, Inc., commented: “November comparable store sales results exceeded our expectations, driven by strong performance at our Wet Seal division. We believe Wet Seal’s results are a reflection of an improved merchandise assortment as well as our compelling Black Friday promotions. At Arden B, sales improved following a slow start to the month as we steadily built up holiday inventories through the remainder of November.”
Mr. Thomas continued, “We were also pleased with continued momentum in our direct business in November, with online sales increasing over 45% over the prior year. This online sales increase, which is not a component of comparable store sales, and our larger store base, from 504 stores last year to 536 stores this year, led to November revenue growth well in excess of our comparable store sales increase.”
What They Do: The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of November 27, 2010, the Company operated a total of 536 stores in 47 states, the District of Columbia and Puerto Rico, including 452 Wet Seal stores and 84 Arden B stores.
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