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Company News for May 27, 2020

Zacks Equity Research
  • Shares of Evofem Biosciences, Inc. EVFM surged 16% after the clinical-stage biopharmaceutical company disclosed that the FDA had approved its birth control gel Phexxi.
  • Shares of Benefitfocus, Inc. BNFT soared 15.1% after the provider of cloud-based benefits management platform reported $80 million investment by BuildGroup LLC.
  • Shares of Sorrento Therapeutics, Inc. SRNE rose 3.9% after the clinical stage biopharma company received FDA IND clearance to initiate Phase I clinical trial of its CD38 antibody-drug conjugate (ADC) STI-6129.
  • Shares of Cellectar Biosciences, Inc. CLRB gained 7.1% after it received FDA fast track designation for CLR 131 in Lymphoplasmacytic Lymphoma and Waldenstrom's Macroglobulinemia.

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