BOSTON (

TheStreet

) -- Adam Feuerstein's take on the biotech week that ended Nov. 12, 2010:

The week's best-performing stocks in the sector:

Aastrom Biosciences

(ASTM)

(+48%),

AspenBio Pharma

(APPY)

(+32%),

Bionovo

(BNVO)

(28%),

Vermillion

(VRML) - Get Report

(+26%) and

Genomic Health

(GHDX) - Get Report

(+20%).

Is it any coincidence that Aastrom filed a $75 million mixed shelf registration Friday?

Human Genome Sciences

( HGSI):

FDA Reviews Lupus Drug

The week's worst-performing stocks:

Surmodics

(SRDX) - Get Report

(-30%),

Epicept

( EPCT) (-28%),

Metabolix

(MBLX)

(-25%),

Angiotech Pharmaceuticals

( ANPI) (-21%) and

Repros Therapeutics

(RPRXD)

(-19%).

Cadence Pharmaceuticals

(CADX)

sold 11.5 million shares at $8, raising $86 million to fund commercial launch of Ofirmev, a hospital-based intravenous form of acetameniphan.

> > Bull or Bear? Vote in Our Poll

Athersys

(ATHX) - Get Report

received FDA clearance to start phase II study of Multistem stem cell therapy for inflammatory bowel disease.

Arena Pharma

(ARNA) - Get Report

:

'Marginal' Obesity Drug Now Unsafe?

Research abstracts for

American Society of Hematology

annual meeting were

posted online

.

Cerus

(CERS) - Get Report

priced 7.37 million stock units (stock and warrants) at $2.85 a unit, raising $20 million.

FDA cleared

Polymedix

(PYMX.OB)

to begin human clinical trials of antibiotic PMX-30063.

Osiris Therapeutics

(OSIR) - Get Report

Drags Feet on U.S. Approval Filing

Dendreon

(DNDN)

filed for FDA approval of an expansion to its Provenge manufacturing plant in New Jersey, while the Centers for Medicare and Medicaid (CMS) released the technical assessment of Dendreon's Provenge ahead of next week's National Coverage Determination meeting.

Micromet

( MITI) sold 9.9 million shares at $7.30, raising $72 million.

This week's

Biotech Stock Mailbag

:

Theratechnologies

(TH.TO)

, Arena Pharmaceuticals,

Amarin

(AMRN) - Get Report

, and Osiris Therapeutics.

A

preview of next week's important regulatory meetings

facing Human Genome Sciences, Dendreon and

MELA Sciences

(MELA)

.

Human Genome: Benlysta FDA Panel Preview

Glaxo

(GSK) - Get Report

Lawyer Indicted for Obstructing the FDA

(via Pharmalot)

European Drug Approval Agency Looking for new leader

(via invivo blog)

--Written by Adam Feuerstein in Boston.

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Adam Feuerstein writes regularly for TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback;

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