Biofrontera: Jumps on plans to resolve legal disputes with shareholders

Biofrontera AG

11/09/2020 15:43

** Germany-based skin treatment developer's U.S.-listed
shares  BFRA.O  soar 34.2% to $9.90 - stock among top pct.
gainers across U.S. exchanges 
    ** Company says it has reached an agreement with shareholder
Deutsche Balaton and its majority shareholder, Wilhelm Zours, to
get a mediator to resolve legal disputes related to personnel
and strategic corporate matters  urn:newsml:reuters.com:*:nGNX4v9dqD
    ** More than 21.9 mln shares change hands, nearly 40-times
their 25-day moving average
    ** Session gains cut YTD losses to ~3% 

 (Reporting by Manas Mishra in Bengaluru)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manasmishra24))