Here are some of the early market-movers for Friday.
Shares of the Dutch pharmaceutical company surged 55% in pre-market trading following reports that Johnson & Johnson was in talks to acquire the company for around $2.29 billion. Johnson & Johnson currently owns 17.9% of the company.
Alkermes, Inc. (NASDAQ:ALKS)
The biotechnology company announced that the FDA has recommended that its Vivitrol should be approved for the treatment of opioid dependence. Shares gained 6.7% in pre-market trading.
Research In Motion (NASDAQ:RIMM)
Shares were up 5% in pre-market trading Friday following second-quarter results announced late Thursday which beat the Street. The company reported earnings of $1.46 per share on revenue of $4.62 billion. Analysts had estimated earnings of $1.35 per share and revenue of $4.47 billion.
Arena Pharmaceuticals (NASDAQ:ARNA)
Shares fell 42.4% in pre-market trading Friday following Thursday’s announcement that an FDA panel rejected the company’s Lorcaserin weight loss drug amidst effectiveness and safety concerns.
Herman Miller Inc (NASDAQ:MLHR)
Shares of the interior furnishing company were down 12.1% in pre-market trading Friday following first-quarter results announced late Thursday which missed expectations. The company reported earnings excluding items of 23 cents per share while analysts had estimated earnings of 26 cents per share.
Massey Energy (NYSE:MEE)
The coal producer said late Thursday that it expects full year 2010 operating results to come in at the low end of previous guidance citing difficulties stemming from the April mine explosion. Shares slipped 5.1% in pre-market trading Friday.