U.S. Ebola case boosts drug makers working on treatments
Shares of biotechs working on treatments for Ebola rallied late Tuesday soon after the Centers for Disease Control and Prevention confirmed the first U.S. case of the deadly virus.
The most pronounced move was in shares of Canada-based
In August, the Food and Drug Administration told Tekmira it would allow use of its investigational drug TKM-Ebola in patients with the virus.
In addition to Tekmira:
Shares of
consulted the World Health Organization on the virus. It also received additional federal fundingrecently to develop the drug.
Newlink Genetics Corp. NLNK +13.73% surged 13% to $24.10 on moderate volume. Earlier in the month, Newlink said the FDA gave it the green light to start Phase 1 clinical trials for its Ebola vaccine.
Sarepta Therapeutics Inc. SRPT +8.25% shares rose 7% to $22.60 on heavy volume. Sarepta is developing a treatment designated AVI-7537 to treat the Ebola virus.
Shares of drug giant
– Wallace Witkowski