The Recent Volatile Moves: Telik Inc, Solazyme Inc.

New York, NY -- (SBWIRE) -- 01/17/2013 -- Telik, Inc. (NASDAQ:TELK) shares dropped 12.06% and closed at $1.75. The company, on Jan. 11, said that it was notified that its product candidate, ezatiostat HCL (Telintra), has been granted orphan drug designation by the US Food and Drug Administration (FDA) for the treatment of myelodysplastic syndrome (MDS). Orphan designation grants potential US market exclusivity to a drug for the treatment of a specified condition for a period of seven years following FDA marketing approval.

Will TELK Continue To Move Higher? Find Out Here

Solazyme Inc. (NASDAQ:SZYM) operates as a renewable oil production company. The Company fuels include microbial-derived jet fuels, bio-diesels, and renewable diesels. The Company also offers marine and microaquatic compounds for health and wellness products. Its products are used for biofuel production, replacements for fossil petroleum, and plant oils in various products ranging from green household cleaning supplies to cosmetics and foods. The Company serves renewable energy and industrial chemicals markets, as well as specialty ingredients markets in cosmetic, nutritional, and pharmaceutical products.

Shares of Solazyme, Inc. (NASDAQ: SZYM) are trading at $7.05 and is -11.48% of its 50-day Moving Average price of $7.9644 and -31.64% from its 200-day Moving Average price of $10.3123. The average trading volume is 571433 shares and its market capitalization is $429.2M.

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