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Commodities Up on Strength of Emerging Markets 04-04-2011
Monday, April 4, 2011 - 7:32pm | 894Cusick's Corner The market looked strong on the open but with no headlines or data to pull it along, the market stands at breakeven this Midday. Commodities continue to roll up on the strength of the Emerging Markets -- BRIC countries specifically. Hopefully you did your homework this weekend and...
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Top Trade Ideas for Tuesday April 05
Monday, April 4, 2011 - 6:23pm | 2154( click to enlarge ) Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has made an awesome move today. The stock hit new highs of $8.56, which is resistance for the follow through move on Tuesday. If MPEL can break through highs, we should see another high volume move as the stock moves...
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Questcor Pharmaceuticals Reports Q1 Gross Sales of $48.6M
Monday, April 4, 2011 - 4:11pm | 96Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) today announced preliminary operating metrics for its first quarter ended March 31, 2011. New, paid prescriptions of H.P. Acthar® Gel for the treatment of exacerbations of multiple sclerosis during the quarter were greater than 500, up over 115% from...
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Cubist Pharmaceuticals Settles CUBICIN Patent Litigation with Teva
Monday, April 4, 2011 - 4:00pm | 102Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) today announced that it has entered into a license agreement with Teva Parenteral Medicines, Inc. (TPM), Teva Pharmaceuticals USA, Inc. and Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA), which includes a stipulation by the parties requesting...
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Two Novel Lilly Molecules Target Genetic Mutations That Can Lead to Cancer
Monday, April 4, 2011 - 3:01pm | 111Eli Lilly and Company (NYSE: LLY) announced results today from two preclinical studies of molecules that target genetic mutations and disable specific signaling pathways that can lead to cancer. The studies evaluated two unique molecules – a JAK2 inhibitor and a Hedgehog inhibitor – with results...
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Mid-Day Top-5 and Bottom-5 Percentage Gainers (MSSR, CRYP, COOL, OREX, AEN, AMIE, DGW, HRZ, RVSN, TPI)
Monday, April 4, 2011 - 1:40pm | 396After opening slightly to the upside, the major indices have been meandering around neutral territory for most of the day. Traders are seemingly unsure as they assess the continuing rise in oil and commodities and evaluate the potential impact on the economy. Here are the five best/worst performers...
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Orexigen And Vivus Surge On Blood Pressure Data (OREX, VVUS)
Monday, April 4, 2011 - 1:06pm | 176Orexigen (NASDAQ: OREX) and Vivus (NASDAQ: VVUS), both of whom have seen their weight loss drug candidates rejected by the FDA in the last year, are surging today on blood pressure data stemming from separate studies. Both Vivus and Orexigen still hope to eventually get their treatments approved by...
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Morning Trade: Top And Bottom Five Percentage Gainers (MSSR, OREX, TFCO, VVUS, CSCD, AMIE, DGW, AFFM, RVSN, IBCPO)
Monday, April 4, 2011 - 11:23am | 402The market opened slightly to the upside this morning with the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite all posting slight gains. The market is looking to build on last week's positive momentum, which saw positive economic numbers in many areas including the Jobs Report and...
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Benzinga's Volume Movers (EPIC, WIRE, OPTR, WPRT)
Monday, April 4, 2011 - 10:38am | 171Epicor Software Corporation (NASDAQ: EPIC) shares moved up 10.81% to $12.45 at 10:35 am. The volume of EPIC shares traded was 7675% higher than normal. Apax Partners agreed to acquire EPIC and Activant Solutions Inc for about $2 billion. Encore Wire Corporation (NASDAQ: WIRE) shares rose 5.12% to...
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Vivus At Highs Of The Session (VUVS)
Monday, April 4, 2011 - 10:25am | 58Shares of VIVUS, Inc. (NASDAQ: VVUS) shares are higher today, gaining 96 cents to $7.27, a gain of over 15% after the company shared positive data on its weight loss drug, Qnexa. VIVUS, Inc., a biopharmaceutical company, engages in the development and commercialization of therapeutic products for...
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Morning Market Movers (MSSR, ZNWAW, TFCO, VVUS)
Monday, April 4, 2011 - 9:52am | 147McCormick & Schmick's Seafood Restaurants Inc (NASDAQ: MSSR) shares surged 28.79% to $9.17 at 9:50 am. Landry Restaurant Inc's Chief Executive Tilman Fertitta announced his plans to launch a hostile bid for MSSR, valuing the company at around $137.3 million. Zion Oil & Gas Inc (NASDAQ:...
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News Summary
Monday, April 4, 2011 - 9:41am | 212Shares of Pfizer Inc (NYSE: PFE) gained about 0.9% after the company agreed to sell its Capsugel unit to private equity firm KKR & Co (NYSE: KKR) for around $2.38 billion. As a result of the sale, PFE slightly reduced its revenue projections for this year and next year. Shares of Discover...
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Piper Jaffray Reports On AGN's Upcoming Conference Call
Monday, April 4, 2011 - 9:25am | 108Piper Jaffray has issued a report on Allergan Inc.'s (NYSE: AGN) conference call on April 5th. According to the report, “The Piper Jaffray Specialty Pharmaceuticals team will host a conference call on Tuesday, April 5th at 12:45PM ET with Dr. Victor Nitti, a leading urologist with deep experience...
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Data From Landmark Clinical Trial of Abbott's MitraClip® System Demonstrate Durable Clinical Benefits for Patients With Mitral Regurgitation Two Years After Treatment
Monday, April 4, 2011 - 9:05am | 125Abbott (NYSE: ABT) today announced data from its EVEREST II study showing that patients with significant mitral regurgitation (MR) treated with the company's investigational percutaneous catheter-based MitraClip® system continue to demonstrate the clinical benefits of initial treatment shown at one...
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Forest Laboratories Announces Amendment to Merger Agreement and Extends Tender Offer to Acquire Clinical Data, Inc.
Monday, April 4, 2011 - 8:54am | 110Forest Laboratories (NYSE: FRX) today announced that its indirect wholly-owned subsidiary, Magnolia Acquisition Corp, has extended the expiration date of its tender offer for all outstanding shares of common stock of, and certain outstanding notes and warrants convertible into the common stock of,...