NovaBay Pharma: Rises after co rolls out sanitizer on Walmart.com

Stablecoin Development

18/08/2020 13:13

** Shares of biopharmaceutical company  NBY.A  up 37.5% at
$1.3 premarket, set for their best day in four months
    ** Co launches its facial sanitizer, Avenova, used to kill
SARS-CoV-2 virus on hard surface, on Walmart Inc's  WMT.N 
online platform, Walmart.com  urn:newsml:reuters.com:*:nBw3svyw9a
    ** Avenova has been used since 2015 for eyelid and eyelash
cleansing and is FDA-cleared - NBY
    ** Co claims test carried out by an independent third-party
lab confirmed that Avenova killed SARS-CoV-2 that causes
COVID-19
    ** "We continue to view online sales as the greatest growth
channel for Avenova, particularly as pandemic-concerned
consumers shift to buying more products online," co says
    ** Co's sanitizer also available on Amazon.com and
Avenova.com
    ** Up to Monday's close, stock is up 50% YTD

 (Reporting by Dania Nadeem in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6182 3463;))