Double Digit NASDAQ Stock Winners: NURO, NVFY, ENDP
8:03 am Wednesday, July 21st, 2021
Following are major stock gainers on Nasdaq in Tuesday’s trading session:
NeuroMetrix, Inc. (NASDAQ:NURO) was the active stock gainer on Tuesday and soared 208% to $10.04 after the U.S. Food and Drug Administration gave a “Breakthrough Designation” to the biopharma’s Quell device for treating fibromyalgia in adults.
Under the FDA Breakthrough Device Program, the administration will provide NeuroMetrix with priority review and interactive communication regarding device development, through to commercialization. Quell is an advanced, non-invasive, nerve stimulation device that is covered by 18 U.S. utility patents, the company said. The device is the only wearable neurostimulator that uses a custom designed microchip to provide high-power nerve stimulation in a form factor the size of a credit card, the company said.
Nova LifeStyle, Inc. (NASDAQ:NVFY) was another notable winner as the stock went up 37% to end the session at $4.49. The company announced, Diamond Sofa, a wholly owned subsidiary of the Company, has successfully exhibited a new design line at the High Point Market furniture trade show June 5th thru 9th.
Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “The event is always a special place for our company to display our product lines and interact with buyers from all over the world. We have been very active in our sales and marketing strategy throughout the pandemic as well as speaking and meeting with loyal current and prospective customers like Nebraska Furniture Mart, Regency Furniture, El Dorado Furniture and Slumberland to name a few.
Endo International plc (NASDAQ:ENDP) surged 25% to $4.19. . The big jump came as investors anticipated that the company would reach a settlement with several Tennessee counties involved in an opioid-related lawsuit.
District Attorney General Barry Staubus told Tennessee News Channel 11 (WJHL) that Endo has extended an offer to settle the case. Jury selection was scheduled to begin in a few days. Officials in Greene, Sullivan, and Washington counties are expected to hold public meetings tomorrow to review the settlement offer.
