Bloomberg News

Procognia Rallies to 3-Month High on China Distribution Deal

March 04, 2012

Procognia (Israel) Ltd. (PRCG) surged to the highest in three months after the maker of pharmaceuticals signed an initial distribution agreement with China’s Cy-Tech for its Glycoscope analytical kit.

The stock rallied 28.6 percent to 0.081 shekel, the highest since Dec. 5, at 11:11 a.m. in Tel Aviv, giving the Ashdod, Israel-based company a market value of 14.7 million shekels ($3.9 million).

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus