Why Global Blood Therapeutics Stock Is Surging After Hours

Global Blood Therapeutics Inc GBT shares are soaring in Wednesday's after-hours session following a report suggesting the company is attracting takeover interest.

According to a Bloomberg report, citing people familiar with the matter, some large pharmaceutical companies are looking into a potential deal. Global Blood Therapeutics is reportedly working with advisors to evaluate potential takeover offers. 

Global Blood Therapeutics is a biopharmaceutical company focused on discovering, developing, and delivering life-changing treatments that provide hope to underserved patient communities, starting with sickle cell disease.

The company is set to report its second-quarter financial results after the market close on Aug. 8.

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GBT Price Action: Global Blood Therapeutics is making new 52-week highs in Wednesday's after-hours session.

The stock was up 29.7% in after-hours at $44 at press time, according to Benzinga Pro.

Photo: PublicDomainPictures from Pixabay.