Roche surges 13% on Trump remarks

Friday, 13. March 2020 21:29

The shares of Roche Holding AG jumped more than 13% at the closing bell on Friday, following the announcement from United States President Donald Trump, commending the Swiss healthcare company for its contribution with its recently developed COVID-19 test.

Earlier today, the United States Federal Department of Agriculture (FDA) issued emergency authorization for Roche's high-speed coronavirus test, which should be able to provide results in just 3.5 hours.

Roche stock on the Nasdaq OTC market closed Friday's session 13.01% higher at $40.30, after touching $42.

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Breaking the News / BJ