BUZZ-U.S. STOCKS ON THE MOVE-Keurig, GoPro, Sierra Wireless, Walgreen
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U.S. stock index futures edged higher on Tuesday: Dow Jones industrial average e-mini futures were up 0.23 percent at 17,938, S&P 500 e-mini futures were up 0.17 percent at 2,076 and Nasdaq 100 e-mini futures were up 0.19 percent at 4,299.75.
** VANDA PHARMACEUTICALS INC, Monday close $11.91, +20.91 pct premarket
** NOVARTIS AG, Monday close $95.3
The drugmaker settled a license dispute with Novartis over its schizophrenia drug, Fanapt. [ID:nPn8mCHpP
Vanda will regain U.S. and Canada rights to Fanapt and get exclusive worldwide license for similar drug, AQW051, from Novartis. Under the settlement, Novartis will buy Vanda shares worth $25 million at $13.82 per share.
Separately, Novartis said the European Commission had approved an additional treatment for its eyecare unit Alcon's Travatan treatment for glaucoma, a chronic, sight-threatening eye disease.