Why Sequenom (SQNM) Stock Was Up Today

NEW YORK (TheStreet) -- Sequenom, Inc. (SQNM) shares finished trading Monday up 9.1% to $3.34 following news that the company gained pre-market FDA clearance for its IMPACT genotyping test.

The noninvasive prenatel test analyzes chromosonal material in cell free DNA for pregnant women at an increased risk for fetal chromosonal abnormalities.

The San Diego-based company formed a licencing agreement with Quest Diagnostics (DGX) -- expected to make the test available by the third quarter-- to expand patient access to the test.

Must ReadWarren Buffett's 25 Favorite Stocks 

SQNM Chart

SQNM data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

These 5 Stocks Under $10 Are Set to Soar Higher

These 5 Stocks Under $10 Are Set to Soar Higher

Insider Trading Alert - KSU, TLMR And SQNM Traded By Insiders

Insider Trading Alert - KSU, TLMR And SQNM Traded By Insiders

Sophiris Bio Tops Dollar-Stock Gainers on Trial Success of Cancer Treatment

Sophiris Bio Tops Dollar-Stock Gainers on Trial Success of Cancer Treatment

Insider Trading Alert - SQNM, OFIX And CIEN Traded By Insiders

Insider Trading Alert - SQNM, OFIX And CIEN Traded By Insiders

5 Stocks Insiders Love for 2016

5 Stocks Insiders Love for 2016