4 Zika-Related Stocks Surging Today

Zika-related stocks were surging higher on Monday following reports that the virus has spread to Singapore.

According to CNN, 41 cases of locally-transmitted Zika virus has been confirmed in the Asian country. Among those affected, seven patients are still showing signs of the virus, but the rest have fully recovered.

CNN quoted a statement from Singapore's Ministry of Health, which said the individuals "are not known to have traveled to Zika-affected areas recently" and are assumed to "have been infected in Singapore."

Reports of the disease being contracted in Asia helped boost shares of several companies involved in developing a cure of the disease.

4 Names On The Move

OraSure Technologies, Inc. OSUR recently won a six-year contract with the U.S. Department of Health and Human Services to speed up the development of oral test kits for the Zika virus. Its shares spiked more than 8 percent Monday morning. Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Related Link: Obama Moves Money Around To Keep Zika Research Going Amid Lack of Congressional Funds Allocation

Inovio Pharmaceuticals Inc INO, a bio-pharmaceutical company which plans on completing testing of the Zika vaccine in mice and monkeys by the third quarter of this year, saw its stock gain more than 6 percent Monday morning.

Cerus Corporation CERS, a name that has been a top pick among some Wall Street analysts, gained nearly 2 percent Monday morning.

Opko Health Inc. OPK gained more than 1 percent on Monday as the company has been reportedly working on a vaccine for the virus using technology that is emulated in flu vaccines.

On the other hand, shares of Intrexon Corp XON, a stock that has seen gains in the past on Zika-related headlines, fell more than 2 percent.

Full ratings data available on Benzinga Pro.

Posted In: BiotechNewsHealth CareGlobalMoversTrading IdeasGeneralZikaZika VirusZika Virus SingapreZika Virus Vaccines
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...