Why BioCryst Pharmaceuticals Stock Is Jumping Today
Shares of Biocryst Pharmaceuticals (NASDAQ: BCRX) were jumping 10.5% higher as of 3:43 p.m. EST on Tuesday, after rising more than 22% earlier in the day. The big gain stemmed from investors' anticipation that Biocryst could have greater opportunities with the spread of a new coronavirus in China.
As of the latest reports, at least 291 people in the Chinese city of Wuhan have been infected with the coronavirus, with six confirmed fatalities, and the virus has begun to spread to other Chinese cities and even to other countries.
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