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Wednesday, December 17, 2008

Today's Biggest Gainers - SAY DVAX 12/17/08

This morning 12/17/08, there are several hot stocks that are breaking out in pre market trading.

Today's Biggest Gainers December 17, 2008

Satyam Computer ( SAY ) - up 42% to $8.10 - This Indian company cancelled their plans to buy a few firms. Satyam, India's No. 4 software services exporter, bowed to investor outrage and cancelled the plans to buy two builders just 12 hours after the deals were announced.

Dynavax ( DVAX ) - Up 200% to .79% - GlaxoSmithKline (GSK) signed a partnership to develop treatments for immuno-inflammatory diseases with Dynavax Technologies Corp. (DVAX), which could eventually reap worth more than $800 million including all options.
Dynavax, a Berkeley, Calif., biopharmaceutical company, will get an initial payment of $10 million from the British drug maker. Dynavax will conduct research and early clinical development in up to four programs and could get total milestone payments of about $200 million per program.

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