Morning Market Movers

IntelliPharmaCeutics International IPCI rose 76.72% to $3.34 following Monday announcement of commercial launch of 15, 30mg Generic Focalin XR. Spherix SPEX jumped 70.07% to $12.50 after the company announced the settlement agreement and continued monetization of patent portfolio. Evoke Pharma 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 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.