AnPac Bio-Medical: Jumps on securing $8 mln funding in China

Fresh2

07/10/2020 13:10

** U.S.-listed shares of Chinese biotech co  ANPC.O  rise
7.6% to $4.09 premarket
    * ANPC says it secured three grants and one rental award in
China; total funding amount ~$8 mln  urn:newsml:reuters.com:*:nGNX6BtnwM
    ** Grant and award payments expected to be received over a
few years starting this qtr and will help in funding R&D and new
product commercialization - ANPC
    ** ANPC has two certified clinical labs in China and one in
U.S., where it performs a suite of cancer screening and
detection tests
    ** Stock down 66% YTD since Jan. 30 IPO

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