HEADLINE STOCKS-U.S. small/midcap stocks to watch on March 1

(For large-cap stocks to watch, click on [WATCH/US])

March 1 (BestGrowthStock) – Some small and midcap stocks to watch
on Monday:

OSI PHARMACEUTICALS (OSIP.O: ), $54.95, up 48 pct

Japan’s Astellas Pharma Inc (4503.T: ) offered to buy the
U.S. drugmaker for $52.00 a share, or about $3.5 billion, in
cash to gain access to OSI’s cancer drug Tarceva.
[ID:nSGE6200CW]

ARIAD PHARMACEUTICALS INC (ARIA.O: ), $2.73, up 7 pct

Shares rise after the company said its experimental
leukemia drug got an orphan drug status from the U.S. health
regulator. [ID:nWNAB3271]

CELL THERAPEUTICS (CTIC.O: ), $0.59, down 12 pct

Shares fell after the company said late Friday that its
auditors had expressed “substantial doubt” about its ability to
continue as a going concern. [ID:SGE6200D5]

VIVUS INC (VVUS.O: ), $9, up 7 pct

Shares rose Monday after the Food and Drug Administration
accepted the New Drug Application for the company’s obesity
drug Qnexa. [ID:nWNAB3228]

BIODEL INC (BIOD.O: ), $4.70, up 17 pct

Shares rose in pre-market trading on Monday after the Food
and Drug Administration accepted the company’s VIAject new drug
application for review. [ID:nWNAB3220]

TOWER GROUP INC (TWGP.O: ), $22.77, Friday’s close

The property and casualty insurer’s fourth-quarter
operating income rose 68 percent on higher net premiums, but it
cut its 2010 earnings view. [ID:SGE6200CV]

PERFECT WORLD CO LTD (PWRD.O: ), $38, down 4 pct

The Chinese online game developer posted a quarterly profit
that missed analysts’ estimates. [ID:SGE6200CK]

SHANDA INTERACTIVE ENTERTAINMENT (SNDA.O: ), $42.99, down 5
pct

China’s No. 2 online game company posted record revenue but
its quarterly profit was still its weakest in three quarters,
reflecting intense competition in China’s online game market.
[ID:nTOE61N07R]

TELECOMMUNICATION SYSTEMS INC (TSYS.O: ), $7.62, Friday’s
close

The company last Friday said it had received a one-year,
$1.2 million contract from the Defense Information Technology
Contracting Office to provide the U.S. Army Central Command
with space segment for its satellite operations.
[ID:nMKW91187a]

SCIENTIFIC GAMES (SGMS.O: ), $16.89, Friday’s close

The lottery operator posted a narrower fourth-quarter loss,
helped by cost savings. [ID:SGE6200DQ]

Stock Market Advice

(Reporting by Mansi Dutta in Bangalore)

HEADLINE STOCKS-U.S. small/midcap stocks to watch on March 1