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.
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
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