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Sino Biopharmaceutical (OTCMKTS:SBMFF) Reaches New 12-Month High - Here's What Happened

Sino Biopharmaceutical logo with Medical background

Key Points

  • Sino Biopharmaceutical reached a new 12-month high of $0.96, reflecting a positive stock performance with a recent volume of 2000 shares traded.
  • The company's 50-day simple moving average is $0.73, while the 200-day moving average stands at $0.54, indicating a strong upward trend.
  • Sino Biopharmaceutical operates as a pharmaceutical conglomerate in China, focusing on oncology, liver disease, and respiratory system medications through various branded products.
  • Want stock alerts on Sino Biopharmaceutical? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Sino Biopharmaceutical (OTCMKTS:SBMFF - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $0.96 and last traded at $0.96, with a volume of 2000 shares trading hands. The stock had previously closed at $0.95.

Sino Biopharmaceutical Stock Performance

The firm's 50-day simple moving average is $0.73 and its 200 day simple moving average is $0.54.

Sino Biopharmaceutical Company Profile

(Get Free Report)

Sino Biopharmaceutical Limited, an investment holding company, operates as a research and development pharmaceutical conglomerate in the People's Republic of China. It operates through three segments: Modernised Chinese Medicines and Chemical Medicines, Investment, and Others. The company offers oncology medicines, including anlotinib hydrochloride capsules under Focus V brand, penpulimab injection under Annike brand, efbemalenograstin alfa injection under Yilishu brand, pomalidomide capsules under Anyue brand, bevacizumab injection under Anbeisi brand, rituximab injection under Delituo brand, and trastuzumab for injection under Saituo brand; liver disease medications, such as magnesium isoglycyrrhizinate injection under Tianqing Ganmei brand and entecavir dispersible tablets under Runzhong brand; and respiratory system medicines comprising budesonide suspension for inhalation under Tianqing suchang brand and colistimethate sodium for injection under Tianyun brand.

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