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Staidson (Beijing) BioPharmaceuticals Obtains Manufacturing License for STSP-0601
Express News | Staidson: The subsidiary Beijietai has obtained the Pharmaceutical production license.
Did Trump’s "order" cause a collapse in global drug prices? Hong Kong A shares in the pharmaceutical sector reacted quickly!
Trump wants to lower drug prices?
A-shares fluctuation: Staidson down 7%, Sichuan Kelun Pharmaceutical down over 4%, Trump announced a reduction of drug prices in the USA by 30%-80%.
On May 12, according to Glonghui, Pharmaceutical stocks in the A-share market plummeted across the board, with Staidson down 7%, Shenzhen Salubris Pharmaceuticals down over 6%, Baillie Tianheng and Zexing Pharmaceutical down over 5%, Sichuan Kelun Pharmaceutical down over 4%, and Jiangsu Hengrui Pharmaceuticals and Beijing Aosaikang Pharmaceutical down over 3%. In news, USA President Trump announced on social media on Sunday night local time that he will sign an executive order at 9 AM tomorrow (9 PM Beijing time) at the White House. Prescription drug and pharmaceutical prices will almost immediately drop by 30% to 80%, and the USA will purchase pharmaceuticals at the lowest prices globally.
Express News | The Innovative Drugs Concept has experienced a collective drop, with BEIGENE falling over 8%.
Express News | The Innovative Drugs Concept was active at the beginning of trading, with Staidson rising over 15%.