Investorideas.com Newswire

Investorideas.com Newswire
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Monday, October 17, 2011

Biotech Leads Friday's NASDAQ Winners: GTXI, ACHN, SZYM, GNOM;

POINT ROBERTS - October 17, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday October 14th. Nasdaq closed higher by +47.61 (+1.82%) at 2667.85.
GTx, Inc. (NASDAQ:GTXI) was the top percentage gainer for the session closing higher 0.68 (20.36%) to $4.02 after analyst at Rodman & Renshaw started coverage on the stock an "outperform" rating and a $7.00 price target on the stock.
The stock is continuing its gains in early morning trading Monday.
The Company is a biopharmaceutical company dedicated to the discovery, development, and commercialization of small molecules that selectively target hormone pathways for the treatment of cancer, cancer supportive care, and other serious medical conditions.
Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) surged 0.89 (18.05%) to close at $5.82 after it announced the nomination of an additional clinical candidate for the treatment of the hepatitis C virus (HCV) from its NS5A inhibitor program. The candidate, ACH-3102, is a second generation NS5A inhibitor that in preclinical studies has demonstrated potent pan-genotypic activity against HCV genotypes 1 - 6, including excellent activity against both the genotype 1a subtype and known mutant variants of genotype 1 HCV.
Solazyme Inc (NASDAQ:SZYM) closed with an impressive gain of 1.50 (17.99%) to end the day at $9.84, bouncing back from its recent low. The stock has a 52-week range of $7.68-$27.47. The company has market capitalization of $587.15 million.
Complete Genomics, Inc. (NASDAQ:GNOM) moved higher by 0.78 (16.53%) to $5.50, bouncing back from its 52-week low made on Oct 13, 2011. The stock has a 52-week range of $4.70-$18.55. The company has market capitalization of $181.99 million.
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