Morning Market Movers (CLDA, OCCF, SSCC, GXDX)

Clinical Data Inc CLDA climbed 55.22% to $23.33 at 9:50 am. The Food and Drug Administration (FDA) approved the CLDA's depression drug Viibryd. Optical Cable Corporation OCCF shares surged 35.14% to $5.00. OCCF reported 31.1% y/y surge in its Q4 net sales. Smurfit-Stone Container Corp SSCC jumped 29.14% to $35.54. RockTenn Co RKT agreed to purchase SSCC in a cash and stock deal worth $35 per share, or about $3.5 billion, representing a 27% premium to SSCC's closing price on Friday. Genoptix Inc GXDX shares advanced 25.76% to $24.85. Novartis AG NVS announced its plans to buy GXDX for $470 million, or $25 per share, representing a 39% premium over GXDX's share value on December 13, 2010. Read more from Benzinga's Markets.