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Oncothyreon (NASDAQ: ONTY) shares jumped 25% to $2.25 in pre-market trading after the company announced Merck Serono decision to continue the development of tecemotide.

Ascena Retail Group (NASDAQ: ASNA) surged 14.90% to $19.90 in the pre-market session after the company reported upbeat fiscal fourth-quarter results.

Brocade Communications Systems (NASDAQ: BRCD) shares gained 3.67% to $8.48 in the pre-market session after the company raised its authorized share repurchase program to $1 billion.

Noble (NYSE: NE) soared 3.48% to $39.25 in the pre-market trading after the company announced its plans to create an independent standard specification drilling company.

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