Neurocrine Shares Rise Sharply on Analyst Rating

Shares of Neurocrine Biosciences Inc. (NBIX) climbed as high as 15 percent early Friday — the highest intraday pps since December 2007 — on news that analysts at Jefferies & Co. had initiated coverage of the San Diego-based drugmaker’s stock with a ‘Buy’ rating.

Shares of NBIX are higher on the session by 13.72% at $7.21 on heavy trading volume of 963,000 shares.

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