August 20, 2009 7:35 PM
Small Cap News Movers for 8/20/09
Anika Therapeutics, Inc. (NASDAQ: ANIK) today announced that it has received Health Canada approval for MONOVISC™, its single injection viscosupplement approved for the treatment of osteoarthritis of the knee. Anika expects to launch MONOVISC this month through its long-term ORTHOVISC® distribution partner in Canada, Rivex Pharma Inc., the specialty drug distribution division of Aurora, Ontario-based Helix BioPharma Corp. (TSX: HBP). The stock closed at $7.15, up 41.25%, on 3.63 million traded shares.
World Heart Corp. (NASDAQ: WHRT) announced today that it has received FDA conditional approval to begin a bridge-to-transplant (BTT) study of the Levacor Ventricular Assist Device (VAD) at ten US centers. The company is required to provide some additional information to the FDA within 45 days, but the study is permitted to begin upon receipt of clinical center Institutional Review Board (IRB) approvals. The stock closed at $6.60, up 37.50%, on 204.39K traded shares.
The Bon-Ton Stores, Inc. (NASDAQ:BONT) today reported results for the second quarter of fiscal 2009 ended August 1, 2009. Total sales for the second quarter of fiscal 2009 were $609.2 million compared with $673.4 million in the second quarter of fiscal 2008. Net loss totaled $34.8 million, or $2.04 per diluted share, for the second quarter of fiscal 2009 compared with a net loss of $33.8 million, or $2.01 per diluted share for the second quarter of fiscal 2008. The stock closed at $5.23, up 29.14%, on 808.24K traded shares.
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