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Investor Ideas' Thursday's Biotech Stocks to Watch

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News about Affymax, Inc. (NASDAQ: AFFY)

Point Roberts, WA - December 9, 2011 - Investorideas.com, an investor research portal specializing in sector research including biotech and pharma stocks, issues an investor alert for some of the top trading stocks in the sector for Thursday, December 08, 2011.

Affymax, Inc. (NASDAQ: AFFY) shares gained 2.12 (36.22%) to end at $7.98 after a Food and Drug Administration panel voted in favor of the biotech drugmaker's experimental treatment for patients with anemia.

DARA Biosciences Inc. (NASDAQ: DARA) ended higher by 0.11 (9.65%) to close at $1.25 on very unusual volume after the company announced that Richard A. Franco, Sr. will retire as Chairman, President and Chief Executive Officer and as a director effective as of December 16, 2011.

Seattle Genetics, Inc. (NASDAQ: SGEN) rose 0.88 (5.15%) and closed at $17.98, extending its weekly gains to over 19% on increased volume. The company announced today that management will present at the following upcoming investor conference. Oppenheimer 22nd Annual Healthcare Conference Wednesday, December 14, 2011 at 2:10 p.m. Eastern Time in New York, NY

Synageva BioPharma Corp. (NASDAQ: GEVA) moved higher by 0.77 (4.10%) to end at $19.57 and made a new 52-week high of $19.74, extending its weekly gains to over 15% on heavy volume. The stock has a 52-week range of $10.04-$19.74.

Cell Therapeutics, Inc. (NASDAQ: CTIC) climbed 0.03 (2.22%) to close at $1.38 on high volume. This morning, the company announced that it has entered into an agreement to sell, subject to customary closing conditions, $20 million of shares of its Series 14 Preferred Stock and warrants to purchase shares of its common stock in a registered offering to two institutional investors.

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