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APPA, ZAGG: Double Digit Percentage Gainers On Volume

February 4th, 2010
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A.P. Pharma, Inc. (NASDAQ:APPA) gained 16.42% up to $1.56 on no news since the company reported regaining  compliance with the Nasdaq minimum bid rule in January.  The company also reported receiving a royalty payment of $2.5 million for rights to Retin-A Micro and Carac it sold to an affiliate of the Paul Capital Healthcare. Based in Redwood City, California, A.P. Pharma, Inc., is a pharmaceutical company developing pharmaceutical products applying its proprietary Biochronomer polymer-based drug delivery technology. Its lead product candidate is APF530, which completed pivotal Phase III clinical trial for the prevention of chemotherapy-induced nausea and vomiting. The New Drug Application (NDA) for APF530 was submitted to the FDA in May 2009 and accepted for review in July 2009, at which time the FDA set a Prescription Drug User Fee Act (PDUFA) date of March 18, 2010.

Zagg Inc(NDA) (NASDAQ:ZAGG) rose 17.63% up to $2.87 on news the company has already begun accepting pre-orders for invisibleSHIELD for the Apple iPad. Headquartered in Salt Lake City, Utah, ZAGG Incorporated designs, manufactures, and distributes protective coverings, audio accessories, and power solutions for consumer electronic and hand-held devices, under the invisibleSHIELD and ZAGGaudio brand names, primarily in the US and Europe.  The company’s proprietary protective coverings are outfitted for iPhones, Blackberrys, iPods, and many other electronic devices.

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