Ahead of the Bell: BioDelivery Sciences soars

July 7, 2014 12:40 PM

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Shares of BioDelivery Sciences International surged Monday before markets opened and after the drug developer said its potential severe pain treatment fared better than a placebo, or fake drug, in another late-stage study.

The Raleigh, North Carolina, company said the trial also triggered another $10 million milestone payment from Endo International Plc, which has a licensing agreement with BioDelivery.

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