Morning Market Movers

Progenics Pharmaceuticals PGNX climbed 15.33% to $4.89. Salix Pharmaceuticals SLXP and Progenics reported that the FDA Office of Drug Evaluation III has approved Salix request for the FDA approval of RELISTOR sNDA. China Recycling Energy CREG climbed 13.38% to $1.78 after the company announced a US$50 million Standby Equity Distribution Agreement to fund business growth. Exelixis EXEL surged 10.38% to $3.67 after the company announced positive phase 3 data for coBRIM. Kandi Technolgies Group KNDI rose 10.18% to $16.22 on report of a 238% rise in EV sales. URS URS gained 7.54% to $55.94 after Aecom Technology ACM announced its plans to buying URS for $4 billion in cash and stock. Doral Financial DRL shares surged 5.48% to $5.77. Doral Financial entered into an asset purchase and sale and interim service deal with Abbey Finance. Mylan MYL rose 5% to $52.71 after the company announced its plans to acquire Abbott's ABT non-U.S. developed markets specialty and branded generics business in a $5.3 billion all-stock transaction. Parnell Pharmaceuticals Holdings PARN surged 3.80% to $7.11. JMP Securities analyst J.T. Haresco initiated coverage on Parnell Pharmaceuticals with a Market Outperform rating. ZS Pharma ZSPH gained 3.66% to $30.57. JP Morgan initiated coverage on shares of ZS Pharma with a Overweight rating.