MARKET PULSE-Zalicus, CollabRx, ViroPharma, Gulf Resources, Facebook

Mon Nov 11, 2013 9:22am EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s); for the Morning News Call newsletter, link.reuters.com/tab64v)

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...