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PLX, SVA, MELA - Top Stock Healthcare Gainers

SuperGen, Sinovac , Electro-Optical were the Top Healthcare Gainers

 



(EMAILWIRE.COM, October 27, 2009 ) Dallas, TX - SuperGen, Inc. (NASDAQ:SUPG) surged 13.45% or $0.32 to close at $2.70 in trade today on over 1.23 million shares after today the company reported financial results for the third quarter and nine months ended September 30, 2009.Total revenues for the 2009 third quarter were $10.4 million, compared with $10.2 million for the same prior year period. Total revenues for the 2009 third quarter and same prior year period consisted entirely of royalty revenue. The company today also raised fiscal 2009 guidance for net income to be in a range from $1.7 to $2.2 million, compared with prior guidance of a net loss in a range from $3.0 to $4.5 million. The company and GlaxoSmithKline plc have entered into a multi-year collaboration to discover and develop cancer therapeutics based on epigenetic targets. Epigenetics refers to the regulation of genes with mechanisms other than changes to the underlying DNA sequence.

Sinovac Biotech Ltd. (AMEX:SVA) was one of the top movers of today`s as it rallied 7.61% to close at $8.06 on over 3.30 million shares. The stock made an intraday high of $8.13 and an intraday low of $7.58 respectively. So far the stock prices jumped over 309% in last six months of trade. Sinovac Biotech Ltd. is a holding company that conducts its business in China, through its 71.56%-owned subsidiary, Sinovac Beijing, and its wholly owned subsidiaries, Tangshan Yian and Sinovac Hong Kong.

Electro-Optical Sciences, Inc. (NASDAQ:MELA) was among the most active gainers as it rallied 8.92% to $11.11 in trade today on over 1.68million shares. The stock made an intraday high and also touched a new 52-week high at of $11.70 and an intraday low of $10.57 respectively. So far the stock prices jumped over 75% in last six months of trade. Electro-Optical Sciences, Inc. (EOS) is a medical device company focused on the design and development of a non-invasive, point-of-care instrument to assist in the early diagnosis of melanoma.

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