Morning Market Movers

Marshall Edwards Inc MSHL climbed 40.58% to $1.94 at 9:45 am. The US Food and Drug Administration (FDA) approved the company's Investigational New Drug (IND) application for ME-143. Pernix Therapeutics Holdings Inc PTX shares advanced 36.64% to $8.95. PTX's net revenue surged around 178% in the second quarter. Renaissance Learning Inc RLRN surged 24.51% to $14.73. RLRN agreed to be acquired by Permira Funds for $14.85 per share in cash. Fabrinet FN shares surged 15.07% to $17.56. Analysts at JP Morgan upgraded Fabrinet from “neutral” to “overweight.”