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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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EDMONTON - 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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BY THE EDMONTON JOURNAL FEBRUARY 16, 2007% n, @* H! C& D+ c
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EDMONTON - 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.& `5 z! G5 O5 G. Q: S
. c- r, s! `$ d) u7 eThe 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."
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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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6 ]# b% O) t' T# tIt should create even more confidence among consumers and medical professionals that the product works, CEO Jacqueline Shan said Thursday.
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4 ~4 K! n3 |6 s+ c1 H" `3 O3 NIt certainly instilled confidence in the market, as shares closed at $2.90 on THE TORONTO STOCK EXCHANGE, up $1.08 on a volume of 4.6 million.- |, O# h' Z$ b9 m% P
( {; e7 C& p a* }7 o"As a scientist, it's one of the highlights of my CAREER," Shan said.4 d6 Y7 F" \* E! p( D" x
% d) `: e4 ]$ b8 O) X"This approval is a breakthrough in realizing our vision of being a global leader in developing products for disease prevention."
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It'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., g' B1 y* z3 p8 E h* x
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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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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.
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. Y7 i1 c! N# R; phttp://www.canada.com/story.html ... 9-be80-f40f1426f662 |
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