Beroni Group (OTCMKTS:BNIGF) Stock Continues to Trade in a Range: Here Are Latest Developments
Biopharmaceutical company Beroni Group (OTCMKTS:BNIGF), which is based out of Australia, is in the news this morning after it made a significant announcement. Hence, before the start of the trading day, it may be a good idea to take a look into it.
Market Stats
On Friday, BNIGF stock ended flat at $2.03 with more than 450 shares, compared to its average volume of 60 shares. The stock has moved within a range of $2.0300 – 2.0300 after opening trading at $2.03.
Beroni Group Limited New R Centre in High-Tech Hub in Zhuhai, China
The company announced this morning that it had been successful in inking a new contract for the building of a Research and Development centre that is going to be located at the Zhuhai National High-Tech Industrial Development Zone in the People’s Republic of China. The company is looking to construct an advanced facility that is going to be equipped with preclinical research labs.
In addition to that, the lab is also going to have manufacturing process development laboratories and a GMP pilot plant. It goes without saying that the new plant is expected to be a major boost for Beroni Group. The Chinese market is massive and this plant is going to help the company in developing products that can take care of the huge demand. It is now going to be interesting to see if the Beroni stock gets any tracking from investors today. You might consider tracking it today.
Key Quote
“Establishing a new R&D centre in Zhuhai will allow us to expand our R&D capabilities and accelerate our innovative pipeline,” said CEO Jacky Zhang. “In the future, we plan to establish additional R&D centres around the world to advance the discovery and development of new innovative product candidates.”
