Morning Market Gainers

Pain Therapeutics, Inc. PTIE shares climbed 41.23 percent to $2.74 after the company reported positive top-line results from Human Abuse Potential Study with REMOXY. Pall Corporation PLL shares jumped 20.63 percent to $119.80 following Monday's Wall Street Journal report that the company is near a $13 billion deal. AOL, Inc. AOL climbed 17.75 percent to $50.15 after the company agreed to be acquired by Verizon Communications Inc. VZ for $50 per share, or $4.4 billion. magicJack VocalTec Ltd CALL shares rose 17.35 percent to $8.25. magicJack reported Q1 adjusted earnings of $0.31 per share on sales of $25.5 million. Threshold Pharmaceuticals, Inc. THLD shares climbed 15.03 percent to $4.32 following the announcement of Germany's Merck receiving the FDA fast track designation for Evofosfamide for the treatment of advanced pancreatic cancer. The Providence Service Corporation PRSC shares gained 13.97 percent to $46.50. Providence Service reported Q1 adjusted earnings of $0.77 per share on sales of $505.8 million. The company also announced that CEO Warren Rustand will leave the company. Tokai Pharmaceuticals Inc TKAI shares jumped 12.63 percent to $11.59. Tokai Pharma reported a Q1 loss of $0.59 per share. Oppenheimer initiated coverage on Tokai Pharmaceuticals with a Outperform rating. Ocean Rig UDW Inc ORIG shares surged 9.35 percent to $8.42 after the company reported upbeat Q1 results. Anthera Pharmaceuticals Inc ANTH shares rose 4.91 percent to $4.70. Anthera Pharmaceuticals reported a Q1 loss of $0.28 per share. Citigroup upgraded Anthera Pharmaceuticals from Sell to Neutral. Spectrum Pharmaceuticals, Inc. SPPI shares surged 3.96 percent to $6.30. Armistice Capital has sent a letter to Spectrum Pharmaceuticals Chairman, CEO, Board outlining plan to improve the company's performance.