September 10, 2009 4:02 PM
Small Cap News Movers for 9/10/09
Quest Energy Partners, L.P. (NASDAQ: QELP) today announced that the NASDAQ Listing Qualifications Hearings Panel has granted its request for continued listing on the NASDAQ Stock Market. The continued listing is subject to the condition that QELP file its quarterly reports on Form 10-Q for the quarters ended September 30, 2008 and March 31, 2009 and any required restatements by August 15, 2009. QELP is working diligently to meet this deadline after filing its 2008 Form 10-K on June 16, 2009 and amended Form 10-Qs for the quarters ended March 31, 2008 and June 30, 2008 on July 14, 2009. The stock closed at $2.57, up 94.70%, on 3,027,844 traded shares.
Dynavax Technologies Corporation (NASDAQ: DVAX) today announced that the U.S. Food and Drug Administration (FDA) has removed the clinical hold for the HEPLISAVTM Investigational New Drug (IND) application in individuals with chronic kidney disease. HEPLISAV is a Phase 3 investigational adult hepatitis B vaccine designed to provide increased, rapid protection with fewer doses than current licensed vaccines. As a result of the FDA’s decision, Dynavax expects to initiate a Phase 3 trial in chronic kidney disease patients in the near-term. The stock closed at $2.55, up 45.71%, on 26,948,559 traded shares.
YRC Worldwide Inc. (NASDAQ: YRCW) yesterday told investors that union employees at its regional carrier, New Penn, have joined the more than 90 percent of its employees represented by the International Brotherhood of Teamsters in voting "yes" to ratify a previously announced modified labor agreement. "As employee owners and stakeholders, our union workforce has made difficult decisions and demonstrated their commitment to achieving long-term success for YRC Worldwide.," said Mike Smid, President of YRC Inc. and COO of YRC Worldwide. The stock closed at $3.05, up 19.14%, on 22,067,488 traded shares.
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