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Why Global Blood Therapeutics Stock Is Vaulting Higher Today

TheMotleyFool

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Why Global Blood Therapeutics Stock Is Vaulting Higher Today: https://g.foolcdn.com/editorial/images/694646/piggybank-rocket.jpg

Shares of rare-disease specialist Global Blood Therapeutics (NASDAQ: GBT) are rising sharply for the second day in a row. As of 12:38 p.m. ET, the drugmaker's stock was up by a healthy 38.4%.

Global Blood Therapeutics' shares have soared a whopping 104% so far this week. The biotech's stock has bolted higher in response to a report from Bloomberg News that multiple suitors are currently courting the drugmaker.

Image source: Getty Images.

Source Fool.com

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