Small Cap News Movers for 11/16/09

Spherix Incorporated (NASDAQ: SPEX) today announced that it has received commitments from investors to purchase $6.3 million of securities in a registered direct offering. Spherix expects to receive net proceeds of approximately $6 million after deducting placement agent fees and other offering expenses. The proceeds from this offering will provide critical support for the Company’s on-going development of D-tagatose as a treatment for Type 2 diabetes. The stock closed at $2.03, up 1.50%, on 5,811,459. Earlier in the day, the stock hit a high of $4.15.

Netlist, Inc. (NASDAQ: NLST) announced it is demonstrating the world’s first 16GB 2 virtual rank (vRank) double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud(TM). The company will also showcase the interoperability of HyperCloud memory with standard JEDEC server memory solutions on popular enterprise servers. This demonstration reinforces HyperCloud’s ability to function as a standard RDIMM while increasing memory bandwidth and capacity for datacenter servers. The stock closed at $6.24, up 39.60%, on 25,656,774 traded shares.

GlaxoSmithKline Biologicals SA (GSK) and Nabi Biopharmaceuticals (NASDAQ: NABI) today announced an exclusive worldwide option and licensing agreement for a nicotine conjugate candidate vaccine (NicVAX(R)), an investigational vaccine for the treatment of nicotine addiction and the prevention of smoking relapse, as well as for the development of a second generation nicotine vaccine. The President and Chief Executive Officer of Nabi Biopharmaceuticals stated he is very pleased with the agreement. The stock closed at $4.50, up 26.40%, on 3,552,331 traded shares.

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