Ascendis Pharma rallies after binding settlement over Yuviwel patents

U.S. stocks were lower, with the Dow Jones index falling around 400 points on Monday.

Shares of Ascendis Pharma A/S (NASDAQ: ASND ) rose sharply on Monday.

On Sunday, BioMarin Pharmaceutical Inc. (NASDAQ: BMRN ) reached a binding settlement with Ascendis Pharma to resolve all global patent disputes regarding the medication Yuviwel.

Ascendis Pharma shares jumped 5.7% to $262.12 on Monday.

Here are some other big stocks recording gains in today’s session.

Titan Machinery Inc (NASDAQ: TITN ) shares jumped 13.7% to $20.31.

Titan Machinery recently reported mixed second-quarter financial results.

Air Global PLC (NASDAQ: AIIR ) gained 13.1% to $8.45.

GeoPark Ltd (NYSE: GPRK ) rose 10.5% to $10.86.

Standard Lithium Ltd (NYSE: SLI ) gained 8.6% to $2.77.

Standard Lithium and Equinor’s Smackover Lithium announced a binding 10-year take-or-pay offtake agreement with LG Energy Solution for 8,000 metric tonnes per year of battery-quality lithium carbonate from South West Arkansas Project.

Chagee Holdings Ltd (NASDAQ: CHA ) rose 8.4% to $11.71.

Blue Moon Metals Inc (NASDAQ: BMM ) gained 7.7% to $6.05.

FinVolution Group (NYSE: FINV ) rose 7.7% to $3.66.

Novavax Inc (NASDAQ: NVAX ) gained 7% to $9.90.

X-Energy Inc (NASDAQ: XE ) rose 6.8% to $18.40.

Roblox Corp (NYSE: RBLX ) gained 6.7% to $41.10.

Standard Nuclear Inc (NYSE: STDN ) climbed 5.7% to $14.90.

RBC Capital analyst Christopher Dendrinos, on Friday, maintained Standard Nuclear with an Outperform rating and raised the price target from $11 to $13.

Helmerich and Payne Inc (NYSE: HP ) rose 5.4% to $44.84.

Science Applications International Corp (NYSE: SAIC ) gained 3.5% to $130.42 after the company reported better-than-expected second-quarter financial results and raised its FY27 guidance.

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