Neptune Wellness Solutions (NEPT) Stock Is Up On Sanitizer News

Neptune Wellness Solutions NEPT Stock News

Neptune Wellness Solutions Inc (NASDAQ: NEPT) is making a run for the top in the market this morning as investors start to look to the potential benefits here in the face of the coronavirus. The company announced news with regard to its plant-based hand sanitizer, exciting investors. Here’s what’s happening:

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NEPT Announces Plant-Based Sanitizer News

In the press release, Neptune Wellness solutions said that it has received Health Canada authorization to commercialize natural, plant-based hand sanitizer products. Moreover, the company is working with the FDA to bring these products to the United States.

The company also said that it has engaged with the National Research Council of Canada, to support NRC’s efforts to facilitate the development, manufacturing and ultimately commercialization of solutions to meet COVID-19 related needs.

With the approval, NEPT will leverage its product formulation expertise. The company plans on developing natural, plant-based saitizers that effectively kill 99.9% of germs and bacteria.

These sanitizer products will be formulated at the company’s production and processing facilities in Quibec and North Carolinea. The company also said that it will contract with manufacturing partners to assist in meeting demand.

In a statement, Michael Camarata, CEO at NEPT, had the following to offer:

We are very pleased to receive Health Canada authorization to bring our plant-based hand sanitizer to market as we believe consumers will increasingly look for natural sanitizers as their use of these products become more regular in light of COVID-19. Neptune’s entrance into the hand sanitizer market reflects our ability to be nimble and quickly meet strong market demand for effective, natural and safe household health and wellness products. Our procurement and sales teams are working in concert with our scientists and engineers to source high quality raw materials in order to ramp up production and bring our products to market as quickly as possible.

Why Investors Are So Excited

There’s good reason for the excitement here. Let’s face it, COVID-19 is changing life as we know it and if there is any way to prevent, consumers are paying attention. Around the world, hand sanitizers, face masks, and other personal protective products are flying off of the shelves.

With the approval, Neptune Wellness Solutions now has the ability to bring all-natural hand sanitizers to market in Canada, and plans to bring these products to the United States. This is a huge revenue opportunity, making NEPT a stock that’s well worth watching.

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