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Why Opko Health Stock Jumped Today

TheMotleyFool

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Shares of Opko Health (NASDAQ: OPK) were jumping 11.9% higher as of 3:44 p.m. EST on Wednesday. The big gain came after website TheDeal.com reported that The Blackstone Group (NYSE: BX) could have an interest in buying Opko's potential growth hormone royalties.

Keep in mind that a potential deal with Blackstone hasn't yet been confirmed. However, it wouldn't be all that surprising if the investment management firm did express interest in acquiring Opko's growth hormone royalties. Nor would it be shocking if Opko was also interested, especially considering that activist shareholder Sian Capital has pushed for selling Opko's royalty stream.

Image source: Getty Images.

Source Fool.com

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