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Pre-Open Stock Movers 12/24: (LCTX) (NLNK) (OTIC) (ITCI) (WCC)

December 24, 2019 9:16 AM EST

Pre-Open Movers

Lineage Cell Therapeutics (NYSE: LCTX) gained 17%; today announced that it has entered into license agreements with three separate companies, each relating to different parts of Lineage’s intellectual property portfolio. All three companies have ongoing commercial operations, including with respect to their cell therapy-related assets.


NewLink Genetics (NASDAQ: NLNK) gained 15%; announced today that the company has entered into an exclusive worldwide license agreement with Ellipses Pharma Limited (Ellipses) for the development of and rights to commercialize NLG207 (formerly CRLX101), a nanoparticle formulation of the topoisomerase 1 inhibitor camptothecin.

Otonomy (NASDAQ: OTIC) climbed 12%; Oppenheimer analyst Esther Rajavelu initiates coverage on Otonomy with a Outperform rating and a price target of $8.00.

Intra-Cellular Therapies (NASDAQ: ITCI) gained 11%; extends yesterday's gain.

WESCO Int'l (NYSE: WCC) gained 7%; shares were in focus Monday evening after it was mentioned in Anixter International Inc. and Clayton, Dubilier & Rice's amended merger agreement.

Anixter Int'l (NYSE: AXE) gained 1.6%; entered into an Agreement and Plan of Merger, as amended on November 21, 2019 (the “Original Merger Agreement”) to be acquired by a fund sponsored by Clayton, Dubilier & Rice, LLC (“CD&R”) in an all cash transaction valued at approximately $3.9 billion.

CEL-SCI Corp (NYSE: CVM) declined 1%; a Phase 3 cancer immunotherapy company, today announced the pricing of an underwritten public offering with gross proceeds to the Company expected to be approximately $5.5 million before deducting underwriting discounts and other estimated offering expenses. The proposed offering equates to 606,395 shares of the Company’s common stock at a price of $9.07 per share. The Company intends to use the net proceeds from this offering to fund the continued development of Multikine*, LEAPS and for other general corporate purposes.



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