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Morning Market Movers

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Progenics Pharmaceuticals (NASDAQ: PGNX) climbed 15.33% to $4.89. Salix Pharmaceuticals (NASDAQ: 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 (NASDAQ: CREG) climbed 13.38% to $1.78 after the company announced a US$50 million Standby Equity Distribution Agreement to fund business growth.

Exelixis (NASDAQ: EXEL) surged 10.38% to $3.67 after the company announced positive phase 3 data for coBRIM.

Kandi Technolgies Group (NASDAQ: KNDI) rose 10.18% to $16.22 on report of a 238% rise in EV sales.

URS (NYSE: URS) gained 7.54% to $55.94 after Aecom Technology (NYSE: ACM) announced its plans to buy URS for $4 billion in cash and stock.

Doral Financial (NYSE: 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 (NASDAQ: MYL) rose 5% to $52.71 after the company announced its plans to acquire Abbott's (NYSE: ABT) non-U.S. developed markets specialty and branded generics business in a $5.3 billion all-stock transaction.

Parnell Pharmaceuticals Holdings (NASDAQ: 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 (NASDAQ: ZSPH) gained 3.66% to $30.57. JP Morgan initiated coverage on shares of ZS Pharma with a Overweight rating.

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