Companies developing coronavirus treatments, tests and vaccines rise

Allied Healthcare Products

09/03/2020 11:11

** Stocks of companies developing treatments, vaccines and
diagnostic tools for coronavirus rise in premarket trading on
Monday in contrast to world markets that plunged on crude oil
crash and coronavirus fears
    ** Vaccine developers - Novavax  NVAX.O , Inovio Pharma
 INO.O , Vaxart Inc  VXRT.O , Tonix Pharma  TNXP.O , Applied DNA
 APDN. , and Altimmune Inc  ALT.O  - rise ~7%-31%
    ** Co-Diagnostics Inc  CODX.O , which has developed a virus
test, up ~3.56% to $13.35
    ** BioCryst Pharmaceuticals Inc  BCRX.O  up 15.5% to $4.75;
company is testing an antiviral, galidesivir, in early-stage
clinical trials
    ** Enzo Biochem Inc  ENZO.N  was up ~53% to $5.21; co on
Friday announced launch of a coronavirus testing service
    ** Other companies that have announced launch of testing
service -  Quest Diagnostics  DGX.O , OPKO Health  OPKO.O  - 
were also trading higher
    ** Shares of medical safety apparel makers Allied Healthcare
Products Inc  AHPI.O  and Lakeland Industris Inc  LAKE.O , rise
3%-5%
    ** Global stocks plunged and prices for crude oil tumbled as
much as 33% after Saudi Arabia launched a price war with Russia,
sending investors already panicked by the coronavirus fleeing
for the safety of bonds and the yen  urn:newsml:reuters.com:*:nL8N2B21TH
    ** Number of people infected with the coronavirus topped
110,000 across the world as the outbreak reached more countries

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))