BUZZ-U.S. STOCKS ON THE MOVE-Inotek, Cara, SanDisk, Logitech, GM
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The Nasdaq composite and S&P 500 rebounded on Thursday, while Dow was lower on weak earnings from bellwethers such as 3M and Caterpillar. The Dow Jones industrial average was down 0.12 percent at 17,829.26, the S&P 500 was up 0.02 percent at 2,114.67 and the Nasdaq Composite was up 0.27 percent at 5,185.834.
** INOTEK PHARMACEUTICALS CORP, $8.1, +54.88 pct
The company said lead drug, trabodenoson, was ready to enter late-stage trial for testing in glaucoma patients, following feedback from the U.S. FDA.
** CARA THERAPEUTICS INC, $19.551, +23.43 pct
The biotech said its experimental drug was successful in mid-stage study in patients with uremic pruritus, a chronic systemic itch seen in patients with renal failure, often receiving hemodialysis.