'Banlangen (Radix isatidis) compound granules as a treatment for COVID-19'-the market value of Baiyunshan pharmaceutical soared by 10 billion RMB

摘要

On October 13,2020,the fourth board meeting of the Guangdong-Macao Joint Research Centre for New Drug Discovery against respiratory pathogens and the Macao 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 Aand 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.