12:20 PM New York – MannKind jumped on FDA approval. Kindred Healthcare will clear to buy Gentiva Health Services. PPG agreed to buy Consorcio Comex for $2.3 billion. Linn Energy acquired five assets of Devon Energy for $2.3 billion. TreeHouse Foods purchased Flagstone Foods for $860 million.
Dicerna Pharmaceuticals Inc
) surged 19.2% or $3.62 to $22.47 after the biopharmaceutical company said its pre-clinical data promising of DCR-PH1 for the treatment of primary inherited liver disorder.
) climbed 9.2% or 92 cents to $10.92 after the U.S. Food and Drug Administration has approved company''s inhalable insulin drug Afrezza to control insulin levels with a warning label for people with lung diseases.
The powder helps to control blood sugar levels, suffering with diabetes mellitus.
Kindred Healthcare, Inc
) slipped 1.5% or 36 cents to $23.03 after the healthcare service provider said it may revise or withdraw its offer to buy Gentiva Health Services Inc.
PPG Industries Inc
) jumped 2.9% or $5.97 to $210.02 after the painting and coating company agreed to acquire Mexico-based paints maker Consorcio Comex SA de CV for $2.3 billion.
Linn Energy LLC
) gained 1.6% or 47 cents to $32.36 after the oil and natural gas explorer signed an agreement to acquire five operating assets areas of the U.S. from Devon Energy Corporation for $2.3 billion.
The transaction is expected to close in the third quarter.
TreeHouse Foods Inc
) increased 1% or 85 cents to $80.67 after the grocery and foodservice retailer agreed to acquire Flagstone Foods, the private healthy snacks provider for $860 million in cash from Gryphon Investors and other stake holders.