NZ's a2 Milk jumps as trading resumes amid report on FDA nod for baby formula

A2 Milk

03/08/2022 02:24

** NZ-listed shares of dairy firm a2 Milk Co  ATM.NZ  rise
as much as 11.6% 
    ** Stock resumes trading a day after co dismissed a local
media report saying the dairy firm was close to winning approval
to sell baby formula in the United States  urn:newsml:reuters.com:*:nL4N2ZE1AR
    * The media report suggested that FDA approval could be
received "as soon as this week"
    ** Co's ASX-listed shares up about 2.5% in early trade 
    ** In May, a2 had confirmed an application to the U.S. FDA
seeking permission to supply baby food to the country
 urn:newsml:reuters.com:*:nL4N2XM137
    ** Stock down ~15% so far this year 

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com; Mobile:  +91
7022132226;))