Morning Market Movers

Lipocine LPCN shares gained 76.44% to $9.21 after the company reported positive top-line results in its Phase 3 study of LPCN 1021 for oral testosterone replacement therapy. Electromed ELMD shares jumped 40.94% to $1.96 after the company reported Q4 earnings of $0.04 per share on revenue of $4.61 million. Merrimack Pharmaceuticals MACK shares climbed 15.86% to $8.33 on licensing deal with Baxter International BAX. Micronet Enertec Technologies MICT rose 13.82% to $3.87 after the company announced a partnership with Verizon. Acorda Therapeutics ACOR climbed 13.35% to $33.27 after the company announced its plans to acquire Civitas Therapeutics. InterCloud Systems ICLD surged 9.92% to $4.32 after the company announced over $26.4 million in new business backlog. Starz STRZA shares jumped 8.01% to $31.95. Starz has retained LionTree Advisors to find a buyer, according to sources as reported by WSJ. Inovio Pharmaceuticals INO shares climbed 5.73% to $10.33 after the company announced Ebola vaccine moving into human trial Bed Bath & Beyond BBBY shares rose 5.06% to $65.86 after the company reported stronger-than-expected second-quarter results and issued a forecast slightly ahead of the estimates. Avanir Pharmaceuticals AVNR gained 1.86% to $11.52 after the company priced 18.2 million shares of its common stock at $11.00 per share.