Investor Ideas Snapshot: NASDAQ Top Percentage Gainers; (SVA), (CWTR), (SIGM), (AFFY)
Visit: Sinovac Biotech Ltd.
March 14, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for March 14th, 2013.
Sinovac Biotech Ltd., (NASDAQ:SVA) trading at $4.19 gained $1.00 or 31.41% on a high volume of 7,128,371 shares, making it today's top percentage gainer on the NASDAQ.
Sinovac Biotech Ltd. said earlier today that its experimental vaccine for hand, foot and mouth disease met its goal in a late-stage clinical trial.
The company said its vaccine EV71 was 95.4 percent effective in stopping infection caused by one strain of the virus in children between 6 and 35 months old. Serious side effects occurred in 2.2 percent of patients, a rate that was similar to placebo. Most of the side effects were not considered vaccine-related.
Hand, foot and mouth disease is common, especially in children under the age of five. The illness typically brings a low fever, rash, and sores on the hands, feet and mouth. China sees deadly outbreaks of the disease every spring and summer, particularly in rural areas where hygiene is poor. Sinovac said more than 1 million cases have been identified over the last five years, and over that time 500 to 900 people have died of the disease each year.
Around 10,000 children were enrolled in the trial in early 2012, before the start of the epidemic season. They received two shots four weeks apart.
Coldwater Creek Inc., (NASDAQ:CWTR) trading at $3.74 moved up $0.53 or 16.51% on a volume of 306,234 shares.
Coldwater Creek Inc., though they had a loss, beat Wall Street's expectations as well as the revenue expectation. The revenue win is a positive sign to shareholders seeking high growth out of the company.
Adjusted earnings per share increased to $-0.65 in the quarter versus EPS of $-0.76 in the year-earlier quarter, while revenue decreased 1.63% to $220.7 million from the year-earlier quarter, still beating the average revenue estimate of $218.76 million.
Sigma Designs Inc., (NASDAQ:SIGM) trading at $5.08 rose $0.66 or 14.82% on a volume of 496,796 shares.
Sigma Designs, Inc. recently reported a loss that missed Wall Street's expectations, but managed to rise above the revenue expectation.
Adjusted earnings per share decreased to $-0.54 in the quarter versus EPS of $-0.43 in the year-earlier quarter, while revenue rose 24.26% to $44.2 million from the year-earlier quarter. Sigma Designs, Inc. reported adjusted EPS loss of $0.54 per share which missed the mean analyst estimate of $-0.25.
Affymax Inc., (NASDAQ:AFFY) trading at $3.27 gained $0.36 or 12.37% on a high volume of 9,067,051 shares.
Law Offices of Howard G. Smith announces yesterday that it is investigating potential claims against Affymax, Inc. concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Affymax between December 8, 2011 and January 2, 2013 were false and misleading regarding the Company's business and financial prospects.
Affymax is a biopharmaceutical company engaged in the development of drugs for the treatment of serious and life-threatening conditions in the United States. The investigation is related to a February 23, 2013 joint announcement, issued by Affymax and Japan-based Takeda Pharmaceutical Company Limited, of a nationwide voluntary recall of OMONTYS Injection. OMONTYS Injection is a treatment for anemia due to chronic kidney disease in adult patients on dialysis. According to the Company, the recall is related to "new postmarketing reports regarding serious hypersensitivity reactions, including anaphylaxis, which can be life-threatening or fatal." Affymax has a strategic alliance agreement with Takeda to develop and commercialize OMONTYS.
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