StreetInsider.com Unusual 11 Mid-Day Movers 12/04/06

Micromet, Inc. (NASDAQ: MITI) 100% HIGHER; Announced that the Company has received a $10 million milestone payment from Serono (NYSE: SRA). The milestone payment was made in connection with the completion of two Phase 2 clinical trials with adecatumumab (MT201) evaluated as a single agent for the treatment of patients with metastatic breast cancer and prostate cancer, respectively.

Forbes Medi Tech (Nasdaq: FMTI) 53% LOWER; Cholesterol-lowering drug, FM-VP4, did not achieve the Company's established goal of a 15% average reduction in LDL cholesterol from baseline.

Onyx Pharmaceuticals (Nasdaq: ONXX) 28% LOWER; Bayer Pharmaceuticals Corporation (NYSE: BAY) and Onyx Pharmaceuticals announced that a Phase III trial administering Nexavar or placebo tablets in combination with the chemotherapeutic agents carboplatin and paclitaxel in patients with advanced melanoma did not meet its primary endpoint of improving progression-free survival.

Station Casinos (NYSE: STN) 18% HIGHER; Company received a letter from Fertitta Colony Partners LLC proposing to acquire all of the Company's outstanding common stock for $82 per share in cash. Fertitta Colony Partners LLC is a new company formed by Frank J. Fertitta III, Chairman and Chief Executive Officer of Station, Lorenzo J. Fertitta, Vice Chairman and President of Station, and Colony Capital Acquisitions, LLC, an affiliate of Colony Capital, LLC.

Eden Bioscience (NASDAQ: EDEN) 16% HIGHER; Announced that it has signed an asset purchase agreement to sell the Company's harpin protein technology and substantially all of the assets related to its agricultural and horticultural markets to Plant Health Care, Inc. (PHC), a subsidiary of Plant Health Care, plc (AIM: PHC). The Company will retain the exclusive worldwide right to sell its harpin protein-based plant health products in the home and garden market. The purchase price for the assets is $2.5 million, $1.5 million of which is payable in cash at closing and $1.0 million of which will be in the form of a promissory note payable on December 29, 2007. (NOTE - Light Volume)

Kyphon (Nasdaq: KYPH) 16% HIGHER; Company has signed a definitive agreement to acquire St. Francis Medical Technologies, Inc., a privately held, California-based company that manufactures the X STOP Interspinous Process Decompression System, the first FDA-approved interspinous process device for treating lumbar spinal stenosis. Under the terms of the agreement, Kyphon will acquire 100% of the fully diluted equity of St. Francis for $525 million in upfront cash payable upon closing, plus additional revenue-based contingent payments of up to $200 million

Pfizer (NYSE: PFE) 11.5% LOWER; Company stopped clinical trials and ended the development program of experimental cholesterol drug torcetrapib because of safety concerns

Agere Systems (NYSE: AGR) 11.3% HIGHER; LSI Logic (NYSE: LSI) and Agere Systems have entered into a definitive merger agreement under which the companies will be combined in an all-stock transaction with an equity value of approximately $4.0 billion.

Pilgrim's Pride Corp. (NYSE: PPC) 9.8% HIGHER; Gold Kist (Nasdaq: GKIS) accepts Pilgrim's Pride buyout bid.

Bank of New York (NYSE: BK) 9.4% HIGHER; The Bank of New York and Mellon Financial (NYSE: MEL) entered into a definitive agreement to merge, creating the largest securities servicing and asset management firm globally.

Boyd Gaming (NYSE: BYD) 7.3% HIGHER; Stock pops after more consolidation/buyout announcements in Casino Resort sector. Currently, the Casino Resort sector is trading up 4.36%.

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