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发表于 2015-2-28 21:48
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Stock soars after Cold-fX wins crucial approval
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EDMONTON - CV Technologies Inc. shares rose nearly 60 per cent Thursday after Health Canada approved the claims at the core of the company's marketing of its cold and flu drug Cold-fX.
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BY THE EDMONTON JOURNAL FEBRUARY 16, 2007# A" m( {6 i& t9 g, B
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8 d" I2 b! ^: Y( u* I6 zEDMONTON - CV Technologies Inc. SHARES rose nearly 60 per cent Thursday after Health Canada approved the claims at the core of the company's marketing of its cold and flu drug Cold-fX.2 s% y6 ^7 [8 m
0 T- \: o3 |: e' J' ]1 tThe agency said CV Technologies can continue to market Cold-fX as helping "to reduce the frequency, severity and duration of cold and flu symptoms by boosting the IMMUNE SYSTEM."
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The APPROVAL follows a review of seven clinical trials and more than 10 years of research about the product.) }( S, n }7 w- k$ Z
# b0 Y2 E/ `2 [2 b$ W5 p9 IIt should create even more confidence among consumers and medical professionals that the product works, CEO Jacqueline Shan said Thursday.! V+ [$ y- M( v: S; a& [6 c# p
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It certainly instilled confidence in the market, as shares closed at $2.90 on THE TORONTO STOCK EXCHANGE, up $1.08 on a volume of 4.6 million.( Q8 Q# _3 d) u
: c' A0 y# k4 A& w"As a scientist, it's one of the highlights of my CAREER," Shan said. n, Q F7 d! S% f
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"This approval is a breakthrough in realizing our vision of being a global leader in developing products for disease prevention."
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It's Cold-fX's strongest medical recognition to date, said Shan. It means the company can advertise the HEALTH BENEFITS more effectively to consumers and health professionals, she said.+ b: l. R# _$ a
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Ginseng-based Cold-fX is already the top-selling cold and flu treatment in Canada, but Shan said there is plenty of room for more growth.1 {# k; r4 O2 h5 L. T, ^
. e, K9 ]* I* x; N- Q- y! WThe approval will also help raise the product's PROFILE in the lucrative U.S. market, which Cold-fX entered in October. The move came with a new marketing push, using former Oilers superstar Mark Messier as its spokesman.4 C2 M/ N7 `! h0 i9 V, O3 T; Y
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http://www.canada.com/story.html ... 9-be80-f40f1426f662 |
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