Auris Medical shares soar 30% in case of mistaken identity, again [Business News Network (BNN) Energy & Resources (Canada)]
Auris Medical Holding AG (EARS)
Last auris medical holding ag earnings: 8/10 06:31 am
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ir.aurismedical.com
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Source: Business News Network
Auris Medical shares soar 30% in case of mistaken identity, again Auris Medical Holding AG got a surprise boost to its stock price Wednesday as investors mistakenly bought shares of the drug developer after Johnson & Johnson agreed to buy a similarly named robotics company for US$3.4 billion. Auris Medical rose 9.4 per cent at 10:40 a.m. in New York after earlier rising as much as 30 per cent. The last time the stock rose more than that was Jan. 23, when Bloomberg News first said that J&J was pursuing an acquisition of closely held Auris Health Inc.
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