Today's Pre-Market Stock Movers: DWAC, BBBY, ILMN, DBX and More
Gapping up
In reaction to earnings/guidance:
Other news:
• $IVERIC bio(ISEE.US$ +42.3% (topline data from Zimura GATHER2 phase 3 clinical trialingeographic atrophy)
• $Monte Rosa Therapeutics(GLUE.US$ +10% (receives FDA clearance of Investigational New Drug Application for MRT-2359)
• $IDEAYA Biosciences(IDYA.US$ +4.9% (reports first-patient-in for Phase I clinical trial to evaluate darovasertib monotherapy)
• $Leap Therapeutics(LPTX.US$ +4% (New Data from DisTinGuish Study of DKN-01 Plus Tislelizumab and WAKING Study of DKN-01 Plus Tecentriq at the ESMO Congress)
• $Illumina(ILMN.US$ +4% (confirms it intends to appeal European Commission's decision in GRAIL deal)
• $Athira(ATHA.US$ +2.8% (update to its plans for the ongoing LIFT-AD clinical trial of fosgonimeton)
• $The Timken(TKR.US$ +2.5% (to acquire GGB Bearing Technology, expanding its engineered bearing portfolio with complementary products)
• $Dropbox(DBX.US$ +1.7% (Bank of America initiated coverage of the file storing and sharing service with a buy rating, saying strong free cash flow generation should be attractive to shareholders.)
• $Ironwood Pharmaceuticals(IRWD.US$ +1.3% (topline data from a PhaseIIIclinical trial evaluating LINZESS 72 mcg)
Gapping down
In reaction to earnings/guidance:
Other news:
• $Digital World Acquisition Corp(DWAC.US$ -22.3% (Truth Social did not get shareholder support from Digital World (DWAC) to extend SPAC deal)
• $Alvotech(ALVO.US$ -6.3% (Update on Initial AVT02 Biologies License Application; also downgraded to Sell from Buy at Citigroup)
• $Zymeworks(ZYME.US$ -4.9% (Release of ESMO Abstract for Phase 1 Study of Zanidatamab Zovodotin (ZW49) in Solid Cancers)
• $Apexigen(APGN.US$ -1.5% (New Data from a Phase 2 Trial Evaluating its CD40 Antibody, Sotigalimab, in Combination with Neoadjuvant Chemoradiation in Patients with Resectable Esophageal and Gastroesophageal Junction Cancers at ESMO Congress 2022)
• $Church & Dwight(CHD.US$ -1.4% (signed a definitive agreement to acquire the Hero Mighty Patch brand and other acne treatment products for $630 mln, consisting of cash and Church & Dwight restricted stock)
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