Unusual 11 Mid-Day Movers 07/01: (ONXX) (SPEX) (ACUR) Higher; (INSM) (DSS) (IDCC) Lower

Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX) 50.7% HIGHER; confirmed that it has received and rejected an unsolicited proposal from Amgen Inc. (Nasdaq: AMGN) to acquire all of Onyx's outstanding shares and share equivalents for $120 per share in cash, subject to due diligence and other conditions.

Spherix Incorporated (Nasdaq: SPEX) 32.6% HIGHER; an intellectual property development and life sciences company, today announced that an investor has privately purchased 100,000 shares at $5.00 per share. The shares of Spherix Series E Convertible Preferred Stock sold are convertible into common stock on a share for share basis. Total proceeds to the company was $500,000.

Acura Pharmaceuticals, Inc. (Nasdaq: ACUR) 19.2% HIGHER; announced that Pfizer Inc. (NYSE: PFE) will expand commercialization of OXECTA (oxycodone HCl) Tablets CII to health care providers in the 4th quarter of 2013. These activities will be directed to a national cross section of healthcare professionals who treat pain, but will not include the use of field representatives.

Steinway Musical Instruments, Inc. (NYSE: LVB) 15.4% HIGHER; announced that it has entered into a definitive agreement to be acquired by an affiliate of Kohlberg & Company ("Kohlberg"), a global private equity investment firm, in a transaction valued at approximately $438 million. Upon the completion of the transaction, the Company will become a privately held company. The company will be bought for $35 per share.

Insmed Incorporated (Nasdaq: INSM) 15.0% LOWER; announces positive developments in both of its clinical development programs for ARIKACE®, or liposomal amikacin for inhalation (LAI). ARIKACE met primary endpoints in Phase 3, but secondary data was still being evaluated.

Document Security Systems, Inc. (AMEX: DSS) 14.3% LOWER; announced today the successful closing of its previously announced merger with Lexington Technology Group, Inc. (LTG), an intellectual property management firm that seeks to maximize the value of intellectual property and technology assets. DSS will continue to trade on the NYSE MKT under the symbol "DSS."

Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) 14.0% HIGHER; could be moving higher in conjunction with Onyx Pharma news (see above for more color).

The Dolan Company (NYSE: DM) 13.5% HIGHER; could be moving on a positive blog post today.

InterDigital, Inc. (Nasdaq: IDCC) 13.2% LOWER; dge (ALJ) overseeing the U.S. International Trade Commission (ITC or Commission) Investigation No. 337-TA-800 of Nokia, Huawei and ZTE has issued an initial determination (ID) finding no violation of Section 337 of the Tariff Act of 1930. The ALJ found that one of InterDigital's asserted patents was infringed, but the asserted claims of that patent were found to be invalid in light of prior art. He further found that four of InterDigital's patents were not proven invalid but are not infringed, and that the remaining two asserted patents were invalid and not infringed. Importantly, the ALJ indicated that the respondents have not prevailed on any equitable, FRAND, or license defense. The ALJ also determined that InterDigital satisfied the domestic industry requirement as to all asserted patents.

TherapeuticsMD, Inc. (AMEX: TXMD) 12.5% LOWER; announced today that the company had been added to the 2013 Russell 3000® Index. Membership in the broad-based Russell 3000® Index also means inclusion in the Russell 2000® and Russell Global Indexes. Annual reconstitution of Russell U.S. Indexes captures the 4,000 largest U.S. stocks as of the end of May 2013, ranking them by total market capitalizations.

Wave Systems Corp. (Nasdaq: WAVX) 7.4% LOWER; announced today that, following shareholder approval at the company's annual meeting on June 20, 2013, the Board of Directors has approved a 1-for-4 reverse split of the company's common stock. The reverse stock split will be in effect at the commencement of trading Monday, July 1, 2013.

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