STOCKS NEWS UK SMALL-Osmetech up as submits swine flu test
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13:11GMT 11May2009-Osmetech up as submits swine flu test
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Shares in Osmetech (OMH.L) rise as much as 18 percent after the diagnostic specialist asks the U.S. FDA to approve its portable rapid swine flu test under its Emergency Use Authorization procedure.
"It does provide interesting potential upside from nowhere," says Ian Wainwright, Managing Director of Life Sciences Specialist Sales at Canaccord Adams, the company's broker.
To see Osmetech's statement please click on [ID:nRnsK0025S]
Reuters messaging rm://ben.deighton.thomsonreuters.com@reuters.net
12:40GMT 11May2009-UK small caps fall 0.6 percent midday
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The FTSE Small Cap index .FTSC falls 0.6 percent in midday trade, while the blue chips .FTSE are off 0.5 percent, and the midcaps .FTMC shed 2.9 percent.
Insurer Hiscox (HSX.L) falls nearly 3 percent on worries about the group's first-quarter investment performance, despite an otherwise positive trading statement, and amid profit taking. [ID:nLB44538] Continued...
