Monday, March 29, 2010

3 Pre-Lunch Market Movers - (NASDAQ: OXBT), (NASDAQ: MRNA), (NASDAQ: BELM)

Oxygen Biotherapeutics Inc. (NASDAQ:OXBT) is trading at $6.29 up $1.65 or 35.5% on heavy volume of 550k


Today the company announced that it has begun distribution for its newly formulated Dermacyte(TM) Oxygen Concentrate for the beauty and skin care market. The over-the-counter product is a scientifically designed perfluorocarbon concentrate to enhance oxygen delivery to skin. When Dermacyte was originally introduced to the market it sold quickly and received good feedback.


MDRNA Inc. (NASDAQ:MRNA) is trading at $1.33 up $0.32 or 32% on heavy volume of 13M


Today the company announced that it had been awarded a key patent for its siRNA technology. The U.S. Patent and Trademark Office has issued a Notice of Allowance for patent application U.S. 12/701,397 covering methods for the delivery of siRNAs as well as a broad array of compounds with pharmacological activity. The patent identifies and protects peptides that were discovered using MDRNA's proprietary Trp Cage Phage Display Library and describes targeting peptides that demonstrate high binding affinity to, and internalization by, hepatocellular carcinoma cells. This is the 2nd Notice of Allowance the MDRNA has received in the last 4 months.


Bell Microproducts Inc. (NASDAQ:BELM) is trading at $6.89 up $1.51 or 28% on heavy volume of 34.3MN


The company agreed to be bought by Avnet Inc. for $7 a share in cash. The deal is valued at $594 million, including an equity value of approximately $252 million and $342 million in Bell debt.

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