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WHILE investors are still grappling whether to continue riding the glove mania or move on to potential coronavirus (Covid-19) vaccine plays, one company namely MSCM Holdings Bhd is venturing into both.
KUALA LUMPUR: Pharmaceutical firm Duopharma Biotech Bhd, through wholly-owned subsidiary Duopharma HAPI Sdn Bhd, will soon manufacture its second oncology drug at its first-in-Malaysia highly potent active pharmaceutical ingredient (HAPI) Plant in Shah Alam to help address the paucity of affordable alternatives to treat cancer.
KUALA LUMPUR: Several glove makers fell in early Tuesday trade, giving up part of the previous day’s gains on profit taking, while pharma stocks climbed on hopes for a vaccine for the Covid-19.
KUALA LUMPUR: The sharp fall in glove makers, until recently the darlings of the stock market, cast a pall of gloom over the broader market as over 1,000 counters were in the red at the close on Thursday.
KUALA LUMPUR: Bursa Malaysia closed lower on Wednesday as the Wall Street tech sell-off contagion effect spread to key Asian markets.
KUALA LUMPUR: Investors in all Asian markets suffered losses as the overnight fall on Wall Street battered sentiment including Bursa Malaysia where the FBM KLCI fell below the key 1,500 level.
THE main focus at Duopharma Biotech is to identify a vaccine that can be filled and finished at its vaccine line; it is waiting for the government to decide which company it will choose for this task.
KUALA LUMPUR: Banks, Tenaga Nasional and Petronas-linked stocks helped the FBM KLCI close more than 1% higher as some investors switched out of glove makers.