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Home Industry News Biotest share increase discussed

Biotest share increase discussed

28th April 2009

Biotest’s shares could have risen because of a possible swine flu pandemic, it has been suggested.

The German company’s pipeline includes hygiene monitoring for air, infectious disease diagnosis, as well as products that can detect bacteria and viruses which are related to food.

Yesterday, Reuters noted shares in the company had increased by 8.2 per cent.

A trader told the news agency the three-week high could be due to the worry about a global outbreak of the disease.

Reuters quoted the insider as saying: “That could be the reason, it’s probably the reason.”

The respiratory disease swine flu is caused by influenza type A – which infects pigs ? and although it has not infected humans until now, it is thought to be passed on through coughing and sneezing.

Operating for over 30 years, Biotest UK is located in Solihull in the West Midlands and is a wholly-owned subsidiary of Biotest AG, which is based in Frankfurt and was established in 1946.

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