BUZZ-U.S. Stocks on the Move-Athlon, Tonix, Einstein Noah, Endologix
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U.S. stocks were moderately lower at midday on Monday as Hong Kong protests added to worries about growth in China. The Dow Jones industrial average was down 0.53 percent at 17,023.03 and the S&P 500 was down 0.50 percent at 1,972.98.
** AMBIT BIOSCIENCES CORP, $15.23, +85.73 pct
Japanese drugmaker Daiichi Sankyo Co Ltd has agreed to acquire U.S. biopharmaceutical company Ambit in a deal valued up to $410 million as it looks to build its presence in oncology, the companies said.
** TONIX PHARMACEUTICALS HOLDING CORP, $6.9201, -50.43 pct
The company said its lead drug for pain management failed the main goal of a mid-stage study.