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  • Stocks to Watch on Monday | 12/27/2010 | APWR | PSDV | ALIM | XOMA | ACTC |

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    Sunday Dec. 26, 2010, 10:36 am EST
     
    Stocks to Watch on Monday- APWR, PSDV, ALIM, XOMA, ACTC
     
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    APWR - A-Power Energy Generation Systems, Ltd. (Public, NASDAQ:APWR)
    A-Power Energy Generation Systems, Ltd. (Nasdaq:APWR) announced that it has signed an engineering, procurement, and construction contract with Inner Mongolia Huolinhe Coal Trade Group Co., Ltd., for a 4x200 megawatt coal-based power generating plant. The proposed power project will supply energy for Huolinhe Coal's electrolysis stone projects, which have been approved by the Tongliao municipal government. Shares gained around 10% in after hours on Thursday and are expected to gain more on Monday.
     
    PSDV & ALIM-pSivida Corp. (NASDAQ:PSDV) 
    Alimera Sciences (NASDAQ:ALIM)
    pSivida Corp. (NASDAQ:PSDV), a leader in developing sustained release, drug delivery products for treatment of back-of-the-eye diseases and its collaborative partner Alimera Sciences (NASDAQ:ALIM) received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration regarding their New Drug Application for ILUVIEN. The FDA issued the CRL to communicate its decision that the NDA cannot be approved in its present form. Shares of pSivida and Alimera were down 34% and 28% respectively in the after hours trading.
    XOMA- XOMA Limited (NASDAQ:XOMA)
    Shares of XOMA Limited (NASDAQ:XOMA) have gained almost 200% in last 3 trading days. Investors are expecting positive results from the Company’s Phase 2b trial of XOMA 052 in January and consequently XOMA’s ability to raise required capital. The Company’s product XOMA 052 which is in the Phase 2 development for Type 2 diabetes and Type 1 diabetes and cardiovascular disease has been giving positive results so far. The interim results for the 3 month ended for the Phase 2 trial will be released by the Company in early January 2011.
     

    ACTC- Advanced Cell Technology, Inc. (OTC:ACTC)
    I got an email from one of our readers regarding potentials of ACTC. Advanced Cell Technology, Inc. (OTC:ACTC) has long been in the news due to paid digital publicity and various email newsletters from penny stock websites. Shares of ACTC have gained almost 400% in a month's period. ACTC announced on Thursda that it has filed for Orphan Drug Designation with the European Medicines Agency (EMA) for its Retinal Pigment Epithelial (RPE) Cells for use in treatment of Stargardt’s Macular Dystrophy (SMD), also known as Stargardt’s Disease. Orphan drug designation may provide ACT with several advantages, including ten years of marketing exclusivity and other incentives.
     



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