BUZZ-U.S. Stocks on the Move-Athlon, Tonix, Einstein Noah, Endologix

lunes 29 de septiembre de 2014 12:32 GYT

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U.S. stocks were lower on Monday, but major indexes were off their lows of the day as investors once again used market weakness as a chance to add to positions. The Dow Jones industrial average was down 0.47 percent at 17,032.2 and the S&P 500 was down 0.45 percent at 1,973.92.

** AMBIT BIOSCIENCES CORP, $15.24, +85.85 pct

Japanese drugmaker Daiichi Sankyo Co Ltd has agreed to acquire U.S. biopharmaceutical company Ambit in a deal valued up to $410 million as it looks to build its presence in oncology, the companies said.


The company said its lead drug for pain management failed the main goal of a mid-stage study.