China Pharma Holdings CPHI Stock News

China Pharma Holdings, Inc. (NYSEAMERICAN: CPHI) is rocketing in the market this morning, trading on gains of around 85%. The gains come after the company announced that its subsidiary has launched a product in the fight to stop the spread of the Wuhan coronavirus, dubbed COVID-19. Here’s what’s happening.

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CPHI Stock Rockets On Coronavirus News

In the press release, China Pharmaceutical Holdings said that its subsidiary, Hainan Helpson Pharmaceutical & Biotechnology has launched a new product. The product is known as the Helpson wash-free sanitizer.

In the announcement, CPHI brought the coronavirus into play, likely sparking investor interest. The company said that there is strong market demand for disinfectant products as the COVID-19 virus continues to spread. In fact, the company pointed to several professionals who have said that daily disinfection has become a necessary step in avoiding exposure to the virus.

The company also said that its subsidiary has leveraged its pharmaceutical production facilities to launch the sterilization product quickly. In fact, the company’s work to act fast is the result of the Chinese government’s call to combat the coronavirus and address people’s daily health protection needs.

So far, the production process has been started. CPHI said that it expects that Helpson will have the product on the market soon as the production process has already been initiated.

Why Is This Such A Big Deal

At first glance, the launch of a sanitizing product barely seems like enough to push the stock up at all, but China Pharmaceutical Holdings has nearly doubled this morning. So, what’s the deal?

Well, the truth of the matter is that the Wuhan coronavirus is at the epicenter of news these days. As the virus continues to spread, consumers around the world are looking for ways to avoid getting infected with COVID-19.

As such, demand for products like face masks, sanitizers and a wide range of others that are aimed at a clean, healthy life is starting to skyrocket. As demand for these products continues to grow, CPHI announced, not only the launch of a sanitizer, but a sanitizer that was pushed into production as the result of a government call to combat COVID-19.

Considering this, the demand for this wash-free sanitizer is expected to be increadibly high. All in all, this will likely quickly become a strong revenue opportunity, making it a big win for those that own CPHI stock.

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