Strength in shares of Ariad Pharmaceuticals ($ARIA) has held up well throughout the session.From the JPMorgan note which sparked the rally: "The majority of docs we surveyed who have used Iclusig do not expect their use to change over the next 6-12 months somewhat surprisingly, there were more docs who expect to increase their use of the drug vs. docs who expect use to decrease."As noted earlier, this would seem to suggest that investor concern over a recent FDA drug safety communication may be overblown.

Shares of Ziopharm Oncology ($ZIOP) are trading sharply higher on the session.Earlier, the company announced that it, along with Intrexon (XON +0.1%), will present at the International Conference on Molecular Targets and Cancer Therapeutics this month.The poster presentations will highlight ZIOP's "monogenic system which enables the controlled delivery of therapeutic interleukin-12, in a brain tumor model," as well as other pipeline programs.

Shares of Keryx Biopharmaceuticals ($KERX) are up sharply again today, after surging nearly 20% Wednesday. The two-day rally now totals some 30%.Behind the move: A pair of upbeat analyst notes and generalized optimism for Zerenex. Zerenex abstracts have been selected for oral and poster presentations at ASN early next month.

Shares of Baxter ($BAX) slip 3.8% in premarket trading as investors digest the company's quarter.Revenue of $3.8B is a 9% improvement from last year's quarter, although the top line fell slightly short of Street estimates (around 3% of the Y/Y growth is attributable to the Gambro acquisition).U.S. sales rose 9%, as did international sales."Improved" demand for Advante and Feiba drove a 6% Y/Y increase in BioScience revenues

Amarin ($AMRN) shares collapse 60% to $2.07 after an FDA panel voted 9-2 against recommending expanding the approval of the company's triglyceride Vascepa drug.Jefferies analyst Thomas Wei has cut his price target on Amarin to $4 from $20, but maintained a Buy rating."We see a financing overhang, reduced partnership potential, and a delay to data," Wei said. "We...will revisit our rating based on today's trading and as the company's financing strategy becomes available."

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