Why BioCryst Shares Plunged
Hurricane Sandy may have delayed trading for two days, but within the risky world of small-cap health care stocks, shares of a couple of companies wasted no time making huge moves once trading began.
On the postive end of the spectrum, shares of medical robotics company Hansen Medical (NAS: HNSN) are soaring in response to a cash infusion from its larger peer, Intuitive Surgical (NAS: ISRG) . On the flip side, shares of BioCryst Pharmaceuticals (NAS: BCRX) are tanking after the company pulled an application to begin clinical trials of a potentially lucrative drug.
In the following video, health care bureau chief Brenton Flynn discusses today's huge share price swings in the industry.
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The article Why BioCryst Shares Plunged originally appeared on Fool.com.Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Intuitive Surgical. Motley Fool newsletter services recommend Hansen Medical and Intuitive Surgical. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.