Update (4:40 p.m.): Updated with Friday closing price.
NEW YORK (TheStreet) -- Tekmira Pharmaceuticals (TKMR - Get Report) soared Friday after the company announced Thursday afternoon the Food & Drug Administration had loosened its clinical hold on the company's developmental ebola drug, TKM-Ebola.
The company announced it had received a verbal commitment from the FDA to ease its hold from a full clinical hold to a partial clinical hold, which "enables the potential use of TKM-Ebola in individuals infected with Ebola virus," according to the Tekmira's statement.
The stock closed up 45.06% to $20.70. More than 28 million shares had changed hands, compared to the average volume of 612,942.Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TKMR data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.