Today's Big Gainers: PRGO, XOMA, ALCO, LGF, VITA, CIGX
Monday, July 26, 2021 1:05 PM

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Perrigo Co. (NASDAQ: PRGO) rallied more than 3% in mid-day trading on Monday after the company said Monday that it has received final approval from the Food and Drug Administration to sell an over-the-counter allergy treatment. The company will sell Cetirizine cherry syrup, which is equivalent to McNeil Consumer Healthcare's Zyrtec Children's Allergy Syrup. The product will be marketed under store brand labels. 

XOMA (NASDAQ: XOMA) shares rose as much as 2.5% after it announced receipt of a $750,000 milestone payment under its collaboration with AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO. The milestone payment resulted from AVEO's recent initiation of a Phase 2 clinical trial to evaluate its AV-299 antibody for the treatment of non-small cell lung cancer.

Alico, Inc., (NASDAQ: ALCO) soared as much as 10% on Monday after it announced that a Lee County judge signed a Final Summary Judgment of Foreclosure pertaining to a mortgage on a parcel of land in Lee County sold by Alico's Alico-Agri, Ltd subsidiary to Ginn-La Naples, Ltd., LLLP.

Lions Gate Entertainment Corp. (NYSE: LGF) gained more than 2% after it said that it has entered into a multi-year home entertainment distribution agreement with filmmaker Francis Ford Coppola's Zoetrope Corporation. Under the terms of the arrangement, Lionsgate obtains the North American DVD, Blu-ray, Electronic-sell-through, Video-on-demand and broadcast television distribution rights to some of the most important films in American cinema from master filmmaker Coppola, including Apocalyse Now, Apocalyse Now Redux and others, as well as the North American DVD, Blu-ray, EST and VOD rights to The Conversation. 

Orthovita, Inc. (NASDAQ: VITA) jumped more than 4% on Monday after it reported that the U.S. Food and Drug Administration has approved Orthovita's PMA supplement for a new collagen processing facility in Malvern, Pennsylvania. Orthovita will use the new facility to process the highly purified form of collagen used in its VITAGEL Surgical Hemostat product.

Shares of Star Scientific (NASDAQ: CIGX) soared more than 17% on Monday on speculation that the company could be a takeover target.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • WH announces $10 billion in trade deals with India Nov 06, 2021 07:07 AM

    • MUMBAI, India - President Barack Obama is announcing trade deals worth $10 billion with India that are expected to create 54,000 U.S. jobs.
    • Obama was to make the announcements in a speech to U.S. and Indian business executives Saturday on the first day of his 10-day, four-country Asia trip.
    • For the most part, the deals were already pending.
      • Pope blasts Spain's "aggressive" anti-church ways Nov 06, 2021 07:02 AM

        • SANTIAGO DE COMPOSTELA, Spain - Pope Benedict XVI has criticized what he calls an "aggressive" anti-church sentiment that he says is flourishing in Spain.
        • The pope arrived Saturday on a two-day visit to rekindle the faith in a key Western nation.
        • Benedict said the anti-clericalism being felt today in Spain harks back to the 1930's, when the church suffered a wave of violence and ill feeling as Spain lurched from an unstable democracy to civil war.
          • Airlines stop Jakarta flights after volcano blast Nov 06, 2021 07:02 AM

            • MOUNT MERAPI, Indonesia - The tiny hospital at the foot of Mount Merapi struggled Saturday to cope with its victims after the volcano unleashed its most powerful eruption in a century, as international airlines canceled flights into the Indonesian capital hundreds of miles away.
            • Others, their lungs choked with abrasive volcanic ash, struggled to breathe.
            • It continued to rumble and groan Saturday, at times spitting gray clouds of ash and gas up to five miles (eight kilometers) into the air, dusting windshields, rooftops and leaves on trees hundreds of miles (kilometers) away Saturday.
              • Malaysian Airlines cancels flights to Jakarta Nov 06, 2021 06:39 AM

                • JAKARTA, Indonesia - Malaysia Airlines says it is temporarily canceling flights to Indonesia's capital following the eruption of the country's most volatile volcano.
                • Indonesia's most volatile mountain - around 280 miles (450 kilometers) west of Jakarta - unleashed its most powerful eruption in a century Friday.
                • Towering plumes of ash continued to rise from the mountain Saturday, dusting windshields, rooftops and leaves on trees hundreds of miles (kilometers) away.
                  • Tomas loses hurricane status after soaking Haiti Nov 06, 2021 06:11 AM

                    • PORT-AU-PRINCE, Haiti - Hurricane Tomas was downgraded to a tropical storm early Saturday as it passed over the Turks and Caicos Islands, losing steam a day after battering seaside towns in Haiti.
                    • Tropical storm warnings were in effect for Haiti, the northern coast of the Dominican Republic, the southeastern Bahamas, and the Turks and Caicos Islands, although the warnings for Haiti and the Dominican Republic were likely to be downgraded later Saturday morning, the National Hurricane Center in Miami reported.
                    • On Friday, panicked residents fled a coastal city in Haiti that had been slammed twice already this decade by killer floods.

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AnalystFirm NameSymbolEPS Estimate
XXXXXXXXXX SD$0.03
XXXXXXXXXX ATML$0.11
XXXXXXXXXX CBPO$0.32
XXXXXXXXXX MA$3.54
XXXXXXXXXX WFR$0.13
Dan Ruckn/a ADM$0.75
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