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IntelliPharmaCeutics International (NASDAQ: IPCI) rose 76.72% to $3.34 following Monday announcement of commercial launch of 15, 30mg Generic Focalin XR.

Spherix (NASDAQ: SPEX) jumped 70.07% to $12.50 after the company announced the settlement agreement and continued monetization of patent portfolio.

Evoke Pharma (NASDAQ: EVOK) shares jumped 41.10% to $11.50 after Aegis Capital initiated coverage on the stock with a Buy rating and a $60.00 price target.

Horizon Pharma (NASDAQ: HZNP) moved up 32.88% to $5.9399 after the company announced an agreement to acquire U.S. rights to VIMOVO. The company also announced pricing of $150 million of 5.00% convertible senior notes.

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