Apellis Pharmaceuticals' stock surged after strong sales and a big bank's investment boost.

Apellis Pharmaceuticals' shares rose 6.6% to $22.36 on Tuesday, reaching a market cap of $2.89 billion. The company's main products treat autoimmune and inflammatory diseases. National Bank of Canada FI significantly increased its stake in Apellis, buying 1,385,080 shares in the fourth quarter, valuing their holdings at $44.21 million. Apellis reported $212.50 million in revenue, beating expectations.

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