The markets closed lower with the Dow falling 58 points to 19,826 in reaction to Britain's hard Brexit decision. Nasdaq dropped 35 points to 5,538.
On the upside
Biogen (Nasdaq: BIIB) will pay a cash fee of $1.25 billion to Forward Pharma (Nasdaq: FWP) as part of a license agreement and will pay royalties of up to 10-20% of net sales of Biogen products approved for the treatment of multiple sclerosis that are covered by a Forward patent.
Cinedigm's (Nasdaq: CIDM) Dove Channel app is now available on Apple TV.
Shares of Sanchez Energy (NYSE: SN) extended its gains.
On the downside
Shares of EnteroMedics (Nasdaq: ETRM) fell for the fourth day.
Progress Software (Nasdaq: PRGS) widened losses for the fourth quarter.
Profit taking weighed down shares of Globus Maritime (Nasdaq: GLBS).
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE by nearly 5 to 2 on Nasdaq. The broader S&P 500 index fell 6 points to 2,267. Bitcoin rocketed $72 to $894.
