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Why China Pharma Stock Is Trading Sharply Higher Wednesday

Published 28/12/2022, 15:28
© Reuters.  Why China Pharma Stock Is Trading Sharply Higher Wednesday

Benzinga - China Pharma Holdings Inc (NASDAQ: CPHI) shares are trading higher by 10.85% to $0.11 Wednesday morning after the company announced the launch of N95 medical protective mask.

What Else?

N95 masks are a medical-level protection mask. They are used to filter particles, block droplets, blood, body fluids, secretions, etc. in the air under the medical work environment.

Li Zhilin, CEO of China Pharma said: "Under the time the number of infected people has increased dramatically, and many of our colleagues have stuck to their posts under the epidemic situation. Thanks to our professional pharmaceutical production facilities, Hainan Medical Products Administration has treated our registration application as a special issue.

"Through providing us the green channel, they gave us advance technical guidance, to issue us the Registration Certificate at the fastest speed. Our fast reaction in expanding our product lines to N95 medical protective masks have demonstrated our firm commitment to providing excellent health products for the public," Zhilin stated.

According to data from Benzinga Pro, CPHI has a 52-week high of $0.53 and a 52-week low of $0.09.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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