“Banlangen (Radix isatidis) compound granules as a treatment for COVID-19”-the market value of Baiyunshan pharmaceutical soared by 10 billion RMB
Journal Title: Traditional Medicine Research - Year 2021, Vol 6, Issue 1
Abstract
On October 13, 2020, the fourth board meeting of the Guangdong-Macau Joint Research Centre for New Drug Discovery against respiratory pathogens and the Macau Symposium on Translation of Baiyunshan Banlangen and Cooperation Agreement Signing Ceremony was held in Guangzhou. At the meeting, Zhong Nanshan, a recipient of Medal of the Republic and an academician in the Chinese Academy of Engineering, revealed that a series of in vitro studies performed by his research team had found Baiyunshan Compound Banlangen granules to be effective in treating COVID-19 [1]. Driven by this message, the A- and H-share prices of Baiyunshan pharmaceutical increased to a large scale, with the former hitting the daily limit-up price at mid-session and the latter exceeding 13% of increases at one point during the session. Collectively, the market value of the two shares increased dramatically by approximately 10 billion RMB [2]. On October 23, 2020, academician Zhong Nanshan responded by saying, “There were people who fragmented my speech and misinterpreted it, and what I meant was exaggerated.” [3]. Gao Li, a speaker for the China Securities Regulatory Commission, said at a press conference on October 23, 2020 that the commission would keep following up on the situation and take legal actions on anything deemed to be illegal or in violation of relevant rules or regulations [4].
Authors and Affiliations
Dan Chen
Keywords
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- EP ID EP690504
- DOI 10.12032/TMR20201112206
- Views 258
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