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Lululemon Athletica inc. LULU stock was trading higher by nearly 7 percent early Friday morning in reaction to its strong first-quarter earnings report. The maker of athletic apparel not only reported a top-and-bottom-line beat, but showed an 8-percent comp growth and revised its full-year 2018 outlook higher.
Co-Diagnostics Inc CODX was trading higher by more than 17 percent. The developer of a molecular diagnostics platform said Friday morning its CoPrimer technology will be employed to achieve the objectives of a research project at Stanford University.
VMware, Inc. VMW was trading higher by nearly 3 percent. The company reported its first-quarter results Thursday afternoon and earned $1.26 per share on revenue of $2.008 billion versus expectations of $1.15 per share and $1.96 billion.
Viking Therapeutics Inc VKTX was trading higher by more than 8 percent early Friday morning on top of Thursday's 50 percent gain. The pharmaceutical company's stock moved in sympathy with its peer Madrigal Pharmaceuticals Inc MDGL, which announced encouraging Phase 2 data for its NASH candidate. Investors and traders are likely assuming the successful Phase 2 study for Madrigal bodes well for Viking's similar VK2809 NASH candidate.
Lannett Company, Inc. LCI was trading higher by nearly 3 percent in reaction to an FDA update. The generic pharmaceutical maker said Friday morning it received an Abbreviated New Drug Application (ANDA) for its Levofloxacin Oral Solution USP.
Benzinga's Daily Biotech Pulse: Organovo Falls On Earnings; Celgene Gets New CFO
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