Fly Intel: Pre-market Movers
HIGHER: Mallinkrodt (MNK), up 12% after entering into a definitive agreement to sell its wholly owned subsidiary BioVectra to an affiliate of H.I.G. Capital for approximately $250M... Can-Fite Biopharma (CANF), up 21% after entering into a collaboration agreement with Univo Pharmaceuticals to identify and co-develop specific formulations of cannabis components for the treatment of cancer, inflammatory, autoimmune and metabolic diseases... Mesoblast (MESO), up 14% after entering a strategic partnership to develop and commercialize MPC-06-ID, a Phase 3 allogeneic cell therapy candidate for the treatment of chronic low back pain due to degenerative disc disease in patients who have exhausted conservative treatment options. UP AFTER EARNINGS: Francesca's (FRAN), up 84%... Aspen Group (ASPU), up 11%. LOWER: Ford (F), down 4% after Moody's downgraded the company's senior unsecured debt rating to Ba1 from Baa3, putting it in high yield "junk" status... Wendy's (WEN), down 6% after announcing the launch of a breakfast menu scheduled for 2020 and cutting FY19 guidance due to related costs... Hamilton Lane (HLNE), down 4% after 2.68M share spot secondary priced at $60.60. DOWN AFTER EARNINGS: HD Supply (HDS), down 4%... Ctrip (CTRP), down 2.5%.