The share price of BioCryst Pharmaceuticals is up 30% due to interest in Reddit

• BioCryst Pharmaceuticals jumped to a 5-year high on Monday, fueled by increased investor interest in Reddit.
• The stock closed 39% higher after climbing a whopping 41% during intraday trading.
• The move followed a post on the r / WallStreetBets subreddit calling the company “the most undervalued stock in the market.”
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BioCryst Pharmaceuticals rose 39% to its five-year high on Monday after investors in Reddit declared a “BioWar” against short-sellers betting against the stock. The move followed a post on the r / WallStreetBets subreddit calling the company “the most undervalued stock in the market.”

The post focused on a new drug known as Orladeyo, a once-a-day pill approved by the U.S. Food and Drug Administration in December 2020 that is intended to prevent attacks of hereditary angioedema (HAE). HAE is a genetically rare problem with the immune system that causes swelling and abdominal cramps.

The Reddit post cited December’s approval in the US, as well as the recent approval in Japan and an expected OK from the European Union in the second quarter of 2021.

One day, users have since upvoted – the equivalent of being loved or loved by other social media platforms – the post nearly 400 times and commented on it more than 600 times.

The gatherings sparked by the Reddit military, as seen in GameStop and AMC Entertainment, underscore the growing leverage of private investors. The stock market frenzy of recent days has been criticized by lawmakers and the Securities and Exchange Commission.

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