Morning Market Gainers

MediciNova, Inc. (NASDAQ: MNOV) shares gained 51 percent to $5.30 after the company announced the FDA Fast Track Designation for MN-001 for the treatment of NASH with Fibrosis. Identiv Inc (NASDAQ: INVE) shares jumped 28.38 percent to $11.49 following the announcement of agreement with Cisco Systems, Inc. (NASDAQ: CSCO) on the Internet of Everything. Rosetta Genomics Ltd. (USA) (NASDAQ: ROSG) shares rose 17.56 percent to $4.35 after the company reported that it has received a key U.S. Patent Allowance for its cancer of origin diagnostic assay. CollabRx Inc (NASDAQ: CLRX) climbed 17.20 percent to $1.22. CollabRx and Medytox Solutions (OTC: MMMS) have entered into a merger agreement. Travelzoo Inc. (NASDAQ: TZOO) shares gained 16.60 percent to $11.99. TravelZoo reported Q1 earnings of $0.13 per share on revenue of $36.5 million. Netflix, Inc. (NASDAQ: NFLX) shares rose 12.78 percent to $536.22 after the company reported strong results for the first quarter. During the quarter, the company added 4.9 million streaming subscribers. FBR Capital upgraded Netflix from Market Perform to Outperform and raised the price target from $400.00 to $900.00. Panera Bread Co (NASDAQ: PNRA) shares surged 12.21 percent to $183.94 after the company authorized $500 million in new debt to buy back shares and said it has "recently engaged in constructive dialogue" with activist hedge fund Luxor Capital Group L.P. The company also said it agreed to sell and refranchise 73 company-owned cafes. Sequans Communications SA ADR (NYSE: SQNS) jumped 10.91 percent to $1.81 after the company announced a $12 million debt financing. Adamis Pharmaceuticals Corp (NASDAQ: ADMP) rose 9.91 percent to $5.10 after the company announced positive clinical results for Albuterol. Philip Morris International Inc. (NYSE: PM) shares gained 6.43 percent to $83.15 after the company reported stronger-than-expected earnings for the first quarter.