Business The Ebola Miracle: Ebola Drug Maker Experiences Rise in Stock


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Speculative buying at its finest. Sure, there isn't a cure for Ebola yet, but that's just it: there isn't any yet. As investors catch a whiff of the potential of the TKM-Ebola drug, the company has experienced a sweet lunge in shares.

From the PUNCH newspaper:

There is no cure for Ebola. But don’t tell that to traders. Shares of a US-based company working on a drug to treat the infectious disease surged nearly 40% last week.

Tekmira Pharmaceuticals popped on much higher trading volume than usual because investors are hopeful that health agencies in the United States might approve its drug, known as TKM-Ebola.

But investors buying this stock now need to be extremely careful.

CNN reported Monday that two Americans who were infected with the Ebola virus in Liberia were treated with a drug made by privately-held San Diego company Mapp Biopharmaceutical.

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Source: #PUNCH


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