Pre-Open Stock Movers 12/13: (ARNA) (FHTX) (HOG) Higher; (NISN) (TXMD) (AMPE) Lower (more...)
Pre-Open Stock Movers
Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) 86.7% HIGHER; Pfizer Inc. (NYSE: PFE) and Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) today announced that the companies have entered into a definitive agreement under which Pfizer will acquire Arena, a clinical stage company developing innovative potential therapies for the treatment of several immuno-inflammatory diseases. Under the terms of the agreement, Pfizer will acquire all the outstanding shares of Arena for $100 per share in an all-cash transaction for a total equity value of approximately $6.7 billion. The boards of directors of both companies have unanimously approved the transaction.
Foghorn Therapeutics Inc. (Nasdaq: FHTX) 53% HIGHER; Loxo Oncology at Lilly, a research and development group of Eli Lilly and Company (NYSE: LLY), and Foghorn Therapeutics Inc. (Nasdaq: FHTX), today announced a strategic collaboration to create novel oncology medicines by applying Foghorn’s proprietary Gene Traffic Control® platform. The collaboration includes a co-development and co-commercialization agreement for Foghorn’s selective BRM oncology program and an additional undisclosed oncology target. In addition, the collaboration includes three additional discovery programs using Foghorn’s proprietary Gene Traffic Control platform.
Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) 52.5% LOWER; announced the pricing of a firm commitment underwritten public offering of 19.25 million Class A common shares and pre-funded warrants to purchase Class A common shares ("Offering"), with gross proceeds to the Company to be $77 million, before deducting underwriting discounts and commissions and other estimated expenses payable by the Company. The pre-funded warrants shall be offered at the same $4.00 price per share as the common shares, less the $0.001 per share exercise price of each pre-funded warrant. The Company intends to use the net proceeds from this offering for general corporate purposes, including, but not limited to, working capital and other business opportunities. The closing of the Offering is expected to occur on December 14, 2021, subject to customary closing conditions.
Veru Inc. (NASDAQ: VERU) 15.5% HIGHER; announced today that the U.S. Food and Drug Administration (FDA) has approved ENTADFITM for the treatment of urinary tract symptoms caused by an enlarged prostate called benign prostatic hyperplasia (BPH).
Shares of Harley-Davidson (NYSE: HOG) 14.5% HIGHER; said its electric bike business division will go public via a merger with the special purpose acquisition company (SPAC) AEA-Bridges Impact Corp (NYSE: IMPX).
TherapeuticsMD, Inc. (NASDAQ: TXMD) 9% LOWER; announced that the FDA determined that it could not approve revisions to certain manufacturing testing limits for ANNOVERA through the sNDA previously submitted by the Company. In its complete response letter, the FDA provided recommendations and requested additional information that could support approval of revisions to certain manufacturing testing limits. The Company will continue to manufacture and supply ANNOVERA under the existing approved specifications.
Ampio Pharmaceuticals, Inc. (NYSE: AMPE) 9.1% LOWER; announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 25,000,000 shares of the Company's common stock and warrants to purchase 15,000,000 shares of the Company's common stock at a combined purchase price of $0.90 per Share in a registered direct offering.
Lucid Group, Inc. (Nasdaq: LCID) 5.5% HIGHER; added to Nasdaq-100 Index
Novavax, Inc. (Nasdaq: NVAX) 2.9% HIGHER; announced that it has submitted a regulatory filing to the Ministry of Health and Prevention (MoHaP) for emergency use of its COVID-19 vaccine in the United Arab Emirates (UAE).
Datadog, Inc. (Nasdaq: DDOG) 2.3% HIGHER; added to Nasdaq-100 Index
Fortinet, Inc. (Nasdaq: FTNT) 2.2% HIGHER; added to Nasdaq-100 Index
Palo Alto Networks, Inc. (Nasdaq: PANW) 1.8% HIGHER; added to Nasdaq-100 Index
Airbnb, Inc. (Nasdaq: ABNB) 1.6% HIGHER; added to Nasdaq-100 Index