Home Financial Markets How Did The Last Trading Bring The SNOA Stock Up 18%?

How Did The Last Trading Bring The SNOA Stock Up 18%?

A share of Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) concluded at $8.80 at the close of the previous trading session, increasing 18.44%. The volume of the Sonoma stock in the last session reached 15.27 million, which compares to its average daily volume of 57,000 shares. Based on SNOA stock having 2.08M shares outstanding, its market cap is currently $18.28M. As a result of signing an agreement for U.S. marketing and distribution rights for its eye care products and prescription dermatology, the SNOA stock surged.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What was the agreement?

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

As one of the world’s leading pharmaceutical companies, Sonoma Pharmaceuticals develops and produces hypochlorous acid (HOCl) products used for a wide range of illnesses and conditions. In addition to its use in wound care, dermatological conditions and disinfectant products, SNOA products are also used for eye care, oral care, nasal care, and animal health care. By reducing infections, itching, pain, scarring, harmful inflammatory responses and scarring, SNOA products are widely used by dermatologists in the United States.

Read More

Sonoma announced on Thursday that it entered into an agreement with EMC Pharma, LLC. SNOA has sold the exclusive right for a term of five years for the distribution of its HOCl-based prescription dermatology and eye care products within the United States to EMC Pharma.

EMC Pharma will also have an agreement with Microcyn to distribute some products in government channels without an exclusive deal. In the healthcare industry, EMC Pharma is in the business of producing and distributing FDA-approved prescription products, as well as prescribing and fulfilling specialty pharmaceutical needs.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

How the agreement will execute?

Within the partnership agreement, the EMC Pharma will pay Sonoma (SNOA) for its entire inventory on a five-year basis, and will also pay a royalty and transfer price to SNOA. To ensure the exclusive distribution rights, the SNOA and EMC Pharma agreed on certain minimum purchase requirements.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Orphazyme Inc. (ORPH) stock plunged during pre-market trading. Let’s see why?

Orphazyme Inc. (NASDAQ: ORPH) stock declined by 10.18% at last close whereas the ORPH stock price fell during the pre-market trading session by 58.18%....

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

General Employment Enterprises Inc. (JOB) stock soars during pre-market trading. Here’s to know why?

General Employment Enterprises Inc. (NASDAQ: JOB) stock gained by 1.96% at last close while the JOB stock price rises by 3.88% in the pre-market...

U.S Concrete Inc. (USCR) stock soars during pre-market trading session. What’s driving it high?

U.S Concrete Inc. (NASDAQ: USCR) stock declined by 0.66% at last close while the USCR stock price gained by 27.88% in the pre-market trading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam