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发表于 2015-2-28 21:48
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Stock soars after Cold-fX wins crucial approval
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/ F7 w; X+ a" G8 hEDMONTON - CV Technologies Inc. shares rose nearly 60 per cent Thursday after Health Canada approved the claims at the core of the company's marketing of its cold and flu drug Cold-fX.! F& ]) e6 w; M2 Y1 v
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BY THE EDMONTON JOURNAL FEBRUARY 16, 20075 i9 L$ s0 v* R5 X: r
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: P+ P# |2 B4 o! U- H" DEDMONTON - CV Technologies Inc. SHARES rose nearly 60 per cent Thursday after Health Canada approved the claims at the core of the company's marketing of its cold and flu drug Cold-fX.
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The agency said CV Technologies can continue to market Cold-fX as helping "to reduce the frequency, severity and duration of cold and flu symptoms by boosting the IMMUNE SYSTEM."8 l9 m0 M. b B: S6 j; Y
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The APPROVAL follows a review of seven clinical trials and more than 10 years of research about the product.
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It should create even more confidence among consumers and medical professionals that the product works, CEO Jacqueline Shan said Thursday.
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It certainly instilled confidence in the market, as shares closed at $2.90 on THE TORONTO STOCK EXCHANGE, up $1.08 on a volume of 4.6 million.
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3 B U0 x* n; C2 J"As a scientist, it's one of the highlights of my CAREER," Shan said.
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"This approval is a breakthrough in realizing our vision of being a global leader in developing products for disease prevention."0 |5 I; u/ M" v) d9 P; J; s' Z
& }% R$ a" M+ ZIt's Cold-fX's strongest medical recognition to date, said Shan. It means the company can advertise the HEALTH BENEFITS more effectively to consumers and health professionals, she said.' p6 d e# q' d1 v9 I
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Ginseng-based Cold-fX is already the top-selling cold and flu treatment in Canada, but Shan said there is plenty of room for more growth.
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; P, ]) ^% L( o. _The approval will also help raise the product's PROFILE in the lucrative U.S. market, which Cold-fX entered in October. The move came with a new marketing push, using former Oilers superstar Mark Messier as its spokesman.! m5 [! M2 w9 v0 g& T
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http://www.canada.com/story.html ... 9-be80-f40f1426f662 |
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