The top pre-market NASDAQ Stock Market gainers are: Sangamo Biosciences, Identive Group, Advanced Analogic Technologies, and DryShips. The top pre-market NASDAQ Stock Market losers are: Logitech International, Applied Materials, Brocade Communications Systems, ARM Holdings, and ASML Holding.
Sangamo Biosciences Inc. (SGMO) stock gained 5 percent to $6.30 in the pre-market trading. The company said data from its Phase 1 clinical programs to develop SB-728-T, a novel therapeutic approach for the treatment of HIV/AIDS, were discussed in two presentations. The company said in an oral presentation made on Sept. 17 that data were presented from all dosing cohorts of Sangamo's Phase 1 dose escalation study SB-728-902 in subjects on highly active antiretroviral therapy or HAART who entered the study with CD4+ T-cells counts of <500 cells/mm3 after several years of therapy.
A presentation made on Sept. 18 described data from the second cohort of a Phase 1 clinical study of the same drug, conducted at the University of Pennsylvania and Albert Einstein College of Medicine, in subjects who entered the study with CD4+ T-cell counts of >450 cells/mm3 and underwent a treatment interruption or TI of HAART following treatment with SB-728-T. The company said SB-728-T is generated by ZFN-mediated modification of the gene encoding the CCR5 receptor in a patient's own T-cells. ZFN modification disrupts the expression of this key co-receptor for HIV entry and renders cells resistant to HIV infection.
Identive Group, Inc. (INVE) stock increased 3.54 percent to $2.05 in the pre-market trading. The company said it will be demonstrating the market's first NFC tag based on NXP Semiconductor's new NTAG203 chip at the NFC World Congress exhibition in France this week. Identive's new Smartag NFC product is available in poster label, pairing tag or tag-in-box form factors and offers an ideal combination of memory size and read range to enable NFC applications through glass windows, display cases and the like.
Advanced Analogic Technologies, Inc. (AATI) stock rose 1.71 percent to $4.75 in the pre-market trading. The company announced developments relating to its pending acquisition by Skyworks Solutions Inc. As detailed in the S-4 filing made by Skyworks on Sept. 9, two meetings were scheduled in an effort to resolve the matters in dispute between the two companies relating to requested business and financial information, and access to an AnalogicTech officer. These meetings took place on Sept. 13 and Sept. 15, respectively. While AnalogicTech believes it had never been in breach of any of its obligations under the merger agreement, to the extent Skyworks asserted there was a breach of the merger agreement, the company believes any such claimed breach was cured by its actions in conjunction with these meetings. The company said it cannot provide further commentary beyond the information that is in the SEC filings and will continue to keep investors updated through appropriate disclosures.
DryShips, Inc. (DRYS) stock moved up 0.66 percent to $3.14 in the pre-market trading.
Logitech International SA (LOGI) stock slid 4.47 percent to $9.19 in the pre-market trading.
Applied Materials Inc. (AMAT) stock decreased 3.63 percent to $11.15 in the pre-market trading. The company advanced the state-of-the art in photomask technology with its new Applied Centura Tetra EUV Advanced Reticle Etch system, according to the Thomson Reuters PR. Overcoming a major hurdle to the adoption of EUV lithography, the new Tetra EUV system solves the critical and unmet challenge of etching the new EUVL photomasks with nanometer-level accuracy and world-class defect performance to enable the fabrication of multiple new generations of high-performance semiconductor chips.
Brocade Communications Systems, Inc. (BRCD) stock declined 3.44 percent to $4.21 in the pre-market trading.
ARM Holdings plc (ARMH) stock decreased 2.69 percent to $27.45 in the pre-market trading.
ASML Holding NV (ASML) stock declined 2.69 percent to $36.615 in the pre-market trading. Brion Technologies, a division of ASML, announced a new product for its popular Tachyon computational lithography platform. Tachyon MB-SRAF (Model-Based Sub-Resolution Assist Features) enables the high-speed, full-chip processing of advanced chip designs with larger process windows, greater productivity, and lower development costs than rule-based alternatives.