• 'The Big Short' investor Michael Burry revealed a stake in a tiny biotech company last week that has since soared 42%

    1 month ago - By Business Insider

    Scion Asset Management's Michael Burry. Jim Spellman/Getty Images A 13F filing from Michael Burry's Scion Asset Management last week revealed a new stake in Scynexis. Burry purchased 174,030 shares of the small biotech company, worth about $1 million. Shares of Scynexis have gained as much as 42% since the 13F filing was released November 15. Scynexis , a small biotech company that's developing antifungal therapies to combat drug-resistant superbugs, is up as much as 42% over the past week after Michael Burry of "The Big Short" revealed a stake in the company. Burry's Scion Asset...
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