Morning Market Movers
BioMimetic Therapeutics (NASDAQ: BMTI) shares advanced 69.40% to $7.03 at 9:45 am. Wright Medical Group (NASDAQ: WMGI) announced its plans to buy BioMimetic Therapeutics in a cash-and-stock deal valued at $190 million.
Grupo Casa Saba SAB de CV (NYSE: SAB) climbed 33.44% to $4.47. Grupo Casa Saba shares have dropped 64.66% over the past 52 weeks, while the S&P 500 index has gained 13.99% in the same period.
Identive Group (NASDAQ: INVE) surged 16.16% to $1.51. Identive Group has been selected as access control standard by a U.S. federal agency within the Department of Homeland Security.
Royal Bancshares of Pennsylvania (NASDAQ: RBPAA) surged 15.50% to $1.49. Royal Bancshares of Pennsylvania had $39.45 million in total cash for the latest quarter.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.