Spherix (SPEX - Get Report) jumped nearly 50% after the company said its test results so far have been positive on Naturlose, a potential treatment for type-2 diabetes. The company completed a dosing study, allowing it to continue with its Phase III clinical trial.Separately, Spherix agreed to a $6 million settlement to end its longstanding legal dispute with the Agriculture Department. Shares of Spherix were up 75 cents to $2.26.
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