Morning Market Movers

Intercept Pharmaceuticals (NASDAQ: ICPT) jumped 241.52% to $247.22 after the company reported that the FLINT trial of obeticholic acid has been stopped early and the NASH primary endpoint has been met.

Magnegas (NASDAQ: MNGA) rose 80.20% to $1.82 after the company reported that its distributor has signed a development contract with Italian National Alternative Energy Agency.

Cardica (NASDAQ: CRDC) moved up 33.33% to $1.44 after the company received 510(k) clearance for MicroCutter XCHANGE 30 cutting/stapling device.

Sangamo Biosciences (NASDAQ: SGMO) shares jumped 23.96% to $16.92 after the company and Biogen Idec (NASDAQ: BIIB) announced the global collaboration to develop treatments for hemoglobinopathies.