(EMAILWIRE.COM, November 10, 2009 ) Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) was one of the top gainers in today’s session and rallied 11.98% or $0.26 to close at $2.43 on an unusual massive volume of 7.92 million shares after JPMorgan raised its stock-investment rating on Ariad Pharmaceuticals Inc. to overweight from neutral, citing two catalysts for the drug company’s shares in the next three to six months. The first is upcoming Phase I data on Ariad’s chronic myeloid leukemia treatment, and the second is an interim analysis of a trial on its cancer-drug ridaforolimus.


Compugen Ltd. (USA) (NASDAQ:CGEN) was one of the top gainers in today’s trading session as it rallied over 16.87% and closed at $2.84 on huge volume of over 508K shares after it said it discovered a genetic marker for predisposition to the most common form of diabetes, which could make it easier for doctors to determine who is at high risk. The biopharmaceutical company, which has been unprofitable as it is in the drug-development stage, said Monday that discovering a genetic biomarker is particularly helpful for diseases such as Type 2 diabetes, as they are significantly affected by lifestyle and health factors.


Revlon, Inc. (NYSE:REV) jumped up 37.20% or $4.01 to end the day at $14.79 on 3.50 million shares after its third-quarter earnings surprised BMO Capital analysts and they are now upgrading the stock to outperform from market perform as the cosmetics company is continuing to make headway in operations and its financials. Revlon announced Friday a tender offer for notes due in 2011 and followed up Monday by announcing its subsidiary is offering $330 million in notes due in 2015.


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