MARKET PULSE-Zalicus, CollabRx, ViroPharma, Gulf Resources, Facebook
U.S. stock index futures were slightly higher on Monday with the Dow index set for another record while trading volume was likely to be quiet due to the Veterans Day holiday. S&P 500 futures rose 2.4 points. Dow Jones industrial average futures rose 23 points and Nasdaq 100 futures up 2 points.
** ZALICUS INC, Friday close $4.69, down 70 pct premarket
The company said it would stop developing an experimental pain drug after it failed to show a benefit over a placebo in two mid-stage trials.
** COLLABRX INC, Friday close $4.21, up 59 pct premarket
The data analytics firm signed a multi-year agreement with Quest Diagnostics Inc to use the company's clinical test reports in Quest's cancer sequencing tests. Financial details of the deal were not disclosed. Continued...