After Hours Summary: CAR-T names seeing continued strength, DRWI -28% following earnings and ahead of anticipated results from strategic alternatives assessmentAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: CIE +24% (enters into a definitive agreement to expand Anchor development), PQ +16.3% (increases Q2/Q3 production guidance and reports Cotton Valley initial rate of 38.2 MMcfe/d), CCCR +9.7% (enters non-binding Letter of Intent to acquire Sorghum Investment Holdings Limited), OCUL +2.2% (modestly rebounding), CVE +1.4% (ticking higher on reports of potential progress in Weyburn and Palliser oil asset sale), DAL +1.3% (continued strength ahead of earnings tomorrow before the open), VNTV +1.2% (Cramer highlighted the co's anticipated Worldpay merger as overlooked deal), BOX +0.6% (President and COO Dan Levin will step down; Stephanie Carullo will succeed Levin as COO)
CAR-T names higher following positive unanimous AdCom for Novartis's CAR-T therapy: NVS +1.5% (confirms CAR-T cell therapy CTL019 unanimously recommended for approval by FDA advisory committee; plans additional filings for CTL019 in the US and EU later this year), JUNO +1.6%, BLUE +1%, KITE +0.8%, BLCM +0.6%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DRWI -28.3%
Companies trading lower in after hours in reaction to news: PCO -13.1% (Federal Circuit court has affirmed both judgments related to ContentGuard patents), CPRX -7.1% (files for $150 mln mixed securities shelf offering), FOLD -5.2% (commences a $225 mln underwritten public offering of its common stock), BRKR -2.3% (downgraded at Wells Fargo), ORC -0.7% (light volume; reports RMBS portfolio characteristics at quarter end; estimated book value per share as of June 30, 2017 was $9.23 vs $9.75/share last quarter)