Morning Market Movers

Achillion Pharmaceuticals ACHN climbed 44.71% to $6.15 after jumping 47.57% on Monday. The company reported the initiation of ACH-3422 dosing in HCV-infected patients. Astea International ATEA climbed 39.45% to $2.34. Astea Partner, Six-Axe Consultants, has been awarded a contract to implement Astea Alliance for Global IT services company in France. Endeavour International END shares jumped 35.58% to $1.41 after the company raised its Q2 production forecast from 9,000-10,000 boepd to 10.5-11.5 10,500-11,500 barrels of oil equivalent per day. Receptos RCPT shares surged 35.48% to $39.56 following Monday's announcement that RPC1063 has met primary efficacy endpoint. Cherokee CHKE gained 16.65% to $16.18 after the company reported Q1 earnings of $0.43 per share on revenue of $10.0 million. MEI Pharma MEIP shares rose 11.73% to $6.86 after the company announced high response rates for Phase II pracinostat study. Christopher & Banks CBK jumped 10.98% to $7.38 after the company reported better-than-expected quarterly earnings. Scientific Games SGMS shares surged 7.22% to $9.80 after the company named Gavin Isaacs as new CEO. Isis Pharmaceuticals ISIS rose 6.33% to $33.08. Isis Pharma earned a $15 million milestone payment from AstraZeneca AZN for initiation of Phase 1 study of ISIS-AR Rx. Avanir Pharmaceuticals AVNR shares gained 3.93% to $5.55 after the company reported positive outcome of Phase IIIb COMPASS Trial.