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Genoptix, Clinical Data: Small-Cap Winners

NEW YORK ( TheStreet) -- Clinical Data (CLDA) was the biggest gainer among small-caps Monday afternoon, its shares soaring 55% to $23.30, after U.S. regulators approved its major depressive disorder treatment Viibryd. The biotech company said the drug would be available in U.S. pharmacies by the second quarter. Over 9 million shares changed hands.

Shares of Genoptix (GXDX) jumped 26% to $24.83 on heavy volumes after Swiss pharma giant Novartis (NVS) said it was acquiring the diagnostics laboratory for $470 million or $25 per share in an all cash deal.

Rexahn Pharmaceuticals (RNN) shot up 20% to $1.57 after Israel-based Teva Pharmaceuticals (TEVA) said it had acquired a 6% stake in the company at $1.69 per share.

Several solar stocks were shining on the bourses after Goldman Sachs added First Solar (FSLR - Get Report) to its conviction list. Shares of LDK Solar (LDK) were surging 10.5% to $14.53. Solarfun Power (SOLF), Trina Solar (TSL - Get Report) and ReneSola (SOL - Get Report) were also up sharply.

Shares of Depomed (DEPO) were recovering Monday after plunging last week, rising 7.2% to $6.23. The stock took a hit last week after it said that Abbot Laboratories (ABT) was reluctant to market its pain reliever drug.

Level 3 Communications (LVLT), Dot Hill Systems (HILL), Pluristem Therapeutics (PSTI) and ATP Oil and Gas (ATPG) were among the other major gainers on Monday.

-- Written by Shanthi Bharatwaj in New York



>To contact the writer of this article, click here: Shanthi Bharatwaj.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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