Fujifilm shares soar after China backs drug to treat virus


Fujifilm's pharmaceutical business received a shot in the arm on March 18 as China announced one of its drugs works against the new coronavirus. - Reuters

TOKYO (AFP): Shares in Japanese firm Fujifilm Holdings sky-rocketed on Wednesday (March 18) after Chinese authorities said a drug produced by the company could be effective for treating coronavirus patients.

Fujifilm Holdings stock started the day untraded because of a glut of buy orders, before soaring 15.4 per cent to 5,238 yen, the highest level allowed during trade for the day.

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Fujifilm , Japan , China , covid-19 , drug , trials

   

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