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Why Neurocrine Biosciences Stock Is Jumping Today

TheMotleyFool

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Why Neurocrine Biosciences Stock Is Jumping TodayPhoto, wide shot, wide-angle lens, Medical device manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/3a7f6312-1eee-4702-9005-93cc1e62f970.png

Shares of Neurocrine Biosciences (NASDAQ: NBIX) were trading almost 10% higher as of 12:20 p.m. EDT Tuesday after the biotech company announced better-than-expected second-quarter results after the market closed on Monday.

One good quarter (or one bad quarter, for that matter) doesn't really mean a lot in the grand scheme of things. However, for a small biotech with its first drug on the market, an exceptionally strong quarter can significantly improve investors' confidence. That's what is happening with Neurocrine.

Image source: Getty Images.

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