Pre-Open Stock Watch ( OPXA ) ( MOBI ) ( AMLN ) Updates 04/15/11
momentumtraders Newsletter
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APRIL 15, 2011 ~~~~~~~~~~~~~~~~~~~~~~~~~~
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PRE-OPEN STOCK WATCH *************
S&P futures vs fair value: -3.80. Nasdaq futures vs fair value: -14.00. Stock futures point to a modestly lower start for the final session of the week.
The action comes after Google (GOOG) came short of the consensus earnings estimate for its most recent quarter. The stock has also been slapped with a downgrade by analysts at Citigroup. The stock is down about 5% ahead of the open.
Yesterdays pre-open activity alert REDF ended up opening at $8.25 and htting $9.40 and looking to hold over $9 today…
Yesterdays other activity alert NOVL still holding $6 and we are watching it for more unusual activity…
This mornings most active is ACOR as it resumes trading on speculation of a patent allowance for their MS drug….
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OPXA – NEWS ALERT OPXA – BREAKING $2 PRE-OPEN THE WOODLANDS, Texas–(BUSINESS WIRE)– Opexa Therapeutics, Inc. (NASDAQ:OPXA – News ), a company developing Tovaxin®, a novel T-cell therapy for multiple sclerosis (MS), today presented important efficacy data at the American Academy of Neurology (AAN) 63rd Annual Meeting.
Clyde Markowitz, M.D., director of the Multiple Sclerosis Center at the University of Pennsylvania, professor of neurology at the University of Pennsylvania School of Medicine and member of Opexa`s Scientific Advisory Board, presented the clinical data during a poster session at AAN.
The presentation highlighted important efficacy data from Opexa`s Phase IIb TERMS clinical trial in a subpopulation of patients that had previously not been exposed to or taken any drugs for the treatment of their MS.
The overall ARR for Tovaxin-treated patients dropped to 0.18 relapses/patient per year by the end of the 52-week study. Additionally, 76% of Tovaxin-treated patients remained relapse-free at one year compared with 60% of placebo patients.
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MOBI – HITTING NEW HIGHS MOBI – BREAKING $14.50 Sky-mobi Limited (Nasdaq:MOBI – News ) (“Sky-mobi” or the “Company”), the leading mobile application store and mobile social network community operator in China, today announced that the Company has entered into an advertising contract with Sohu, one of the leading Chinese online destinations.
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AMLN – NEWS ALERT AMLN – REBOUNDING TO OVER $12.50 INDIANAPOLIS & SAN DIEGO & WALTHAM, Mass.–(BUSINESS WIRE)– Eli Lilly and Company (NYSE:LLY – News ), together with Amylin Pharmaceuticals, Inc. (Nasdaq:AMLN – News ) and Alkermes, Inc. (Nasdaq:ALKS – News ), announced today that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has issued a positive opinion recommending approval of exenatide 2 mg powder and solvent for prolonged release suspension for injection (proposed trade name BYDUREON(TM)) in the European Union for the treatment of type 2 diabetes in combination with certain oral therapies.
This application to the European regulatory authorities is for use of BYDUREON as a once-weekly 2 mg dose to improve glycemic control in adults who have not achieved adequate glycemic control on maximally tolerated doses of these oral therapies.
If approved, BYDUREON would be the first once-weekly type 2 diabetes treatment.
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