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Pre-market Movers In Healthcare Sector: FLDM, IMUX, LPCN, SRNE, ZSAN…

(RTTNews) - What's moving these stocks in the pre-market hours today?

In the Green

1. Fluidigm Corporation (FLDM), which touched a new 52-week high yesterday, is up over 53% at $13.50 in pre-market trading Wednesday. The FDA has given Emergency Use Authorization for the company's easy-to-administer saliva test for COVID-19, Advanta Dx SARS-CoV-2 RT-PCR Assay.

2. SCWorx Corp. (WORX) is up 22% at $2.00 in pre-market hours today, adding to yesterday's gain of over 12%. Earlier this month, the company signed new agreements with two healthcare organizations for data management applications totaling a minimum of $2.2 million over 5 years.

3. Immunic Inc. (IMUX) is up over 18% at $17.15 in pre-market hours. Early this month, the company reported positive top-line data from its phase 2 trial of IMU-838 in patients with relapsing-remitting multiple sclerosis, dubbed EMPhASIS.

4. Lipocine Inc. (LPCN), which lost 16% of its value yesterday, is up more than 15% at $1.66 in pre-market trading Wednesday. The company's investigational testosterone replacement therapy Tlando, which has been thrice rejected by the FDA, awaits a decision on August 28, 2020. The regulatory agency had turned down Tlando in June 2016, May 2018, and in November 2019.

5. Sorrento Therapeutics Inc. (SRNE) is up 9% at $9.02 in pre-market hours. Last week, the company had filed an investigational new drug application for phase I study of COVI-GUARD (STI-1499) for hospitalized COVID-19 patients. The initial trial is expected to be followed by pivotal trials with the goal of potentially receiving a EUA (Emergency Use Authorization) as early as the end of this year. On August 20, Sorrento entered into a merger agreement to acquire SmartPharm, a gene-encoded therapeutics company developing non-viral DNA and RNA gene delivery platforms for COVID-19 and rare diseases.

6. Diffusion Pharmaceuticals Inc. (DFFN) is up more than 5% at $1.10 in pre-market hours. In a recent SEC filing, dated August 7, the company has noted that it intends to begin first enrollment in its planned international TSC/COVID-19 program this quarter.

In the Red

1. Viveve Medical Inc. (VIVE) is down over 8% at $0.65 in pre-market trading Wednesday, giving back some of what it gained yesterday. The company reported positive primary efficacy data from its three-arm, five-month Stress Urinary Incontinence (SUI) feasibility study comparing Viveve's Cryogen-cooled Monopolar Radiofrequency (CMRF) treatment and a cryogen-only sham treatment to an inert sham treatment for mild to moderate SUI in women yesterday. The stock was up over 30% yesterday, following the positive news.

2. Sonnet BioTherapeutics Holdings Inc. (SONN) is down more than 6% at $2.96 in pre-market hours today, adding to yesterday's loss of nearly 19%.

3. Zosano Pharma Corporation (ZSAN) is down more than 4% at $1.65 in pre-market hours today. The company's lead product candidate is Qtrypta, a transdermal microneedle patch for the acute treatment of migraine, which is under FDA review, with a decision expected on October 20, 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

DFFN LAB IMUX LPCN SONN SRNE VIVE WORX ZSAN

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