BioCryst Pharmaceuticals share price rises 30% amid Reddit interest

• BioCryst Pharmaceuticals jumped to a 5-year high on Monday, fueled by increased interest from Reddit investors.
• The stock closed 39% higher, after rising 41% in intraday negotiations.
• The change came after a post on the subreddit r / WallStreetBets that classified the company as “the most undervalued share in the market”.
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BioCryst Pharmaceuticals rose 39% to a five-year high on Monday, with Reddit investors declaring a “BioWar” against sellers betting against the shares. The change came after a post on the subreddit r / WallStreetBets that classified the company as “the most undervalued share 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 to prevent attacks of hereditary angioedema (AEH). HAE is a genetically rare immune system problem that causes bloating and abdominal cramps.

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

In one day, users voted positively – the equivalent of being liked or loved on other social media platforms – posting almost 400 times and commented more than 600 times.

The rallies fueled by the Reddit army, as seen on GameStop and AMC Entertainment, underscore the growing influence of retail investors. The stock market frenzy in recent days has drawn the scrutiny of lawmakers and the Securities and Exchange Commission.

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