Why BioHaven Stock Is Soaring Today

Shares of Biohaven (BHVN 5.04%) are surging on Monday. The company's stock was up about 8% as of midday trading and had climbed as much as 10% earlier in the day. The move comes as the S&P 500 traded mixed and the Nasdaq Composite drifted slightly higher.Shares of the clinical-stage biopharmaceutical company were rising after Biohaven announced a $600 million non-dilutive financing deal with Oberland Capital.A big cash infusionBiohaven revealed it has secured up to$600 million from the investment firm Ober ...