BUZZ-U.S. STOCKS ON THE MOVE-Chinese ADRs, QLogic, Intellipharmaceutics

Thu Jul 9, 2015 2:16pm EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were higher in early afternoon on Thursday as Beijing's efforts to halt a rout in Chinese stocks lifted markets around the world. The Dow Jones industrial average was up 0.42 percent at 17,589.38 and the S&P 500 was up 0.48 percent at 2,056.52.

** AQUINOX PHARMACEUTICALS INC, $2.01, -69.31 pct

The drug developer said its lead drug, compared to a placebo, failed in mid-stage trial to show efficacy in treating lung disease patients with history of frequent increase in exacerbations.

** INTELLIPHARMACEUTICS INTERNATIONAL INC, $3.55, +25.00 pct

The Canadian generic drug maker said late on Wednesday that the U.S. FDA canceled several conditions imposed on tentative approval for Focalin, the company's generic drug for attention-deficit hyperactivity disorder.

** MILLENNIAL MEDIA INC, $1.9, +31.03 pct   Continued...