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Sona Nanotech Inc C.SONA

Alternate Symbol(s):  SNANF

Sona Nanotech Inc. is a nanotechnology life sciences company that has developed multiple methods for the manufacturing of various types of gold nanoparticles. The Company is engaged in the research and development of its technology for use in multiplex diagnostic testing platforms and biomedical applications. Its gold nanotechnologies are adapted for use in applications, as a safe and delivery system for multiple medical treatments, for the approval of various regulatory boards, including Health Canada and the Food and Drug administration (FDA). Its gold nanorod particles are manufactured without the use of CTAB (cetyltrimethylammonium), eliminating the toxicity risks associated with the use of other gold nanorod technologies in medical applications. The Company leverages its core proprietary gold nanorod (GNR) manufacturing technology and laboratory assets to focus on the development of diagnostic tests and biologic reagents, and the advancement of its GNR intellectual property.


CSE:SONA - Post by User

Post by erfre16on Oct 30, 2020 7:20am
198 Views
Post# 31811605

Hold

Hold

... However, news of the deprioritization has spooked investors hoping for a windfall of test sales in the U.S., halving the company’s shares price at market open this morning.

Despite the news, Sona CEO David Regan remains hopefully and said the demand for these tests in the private sector continues to grow.

“Large companies, employing thousands of people, are telling us that they cannot source rapid antigen tests which they view as critical to their business continuity and for the safety of their employees,” he added.

source : https://themarketherald.ca/sona-nanotech-csesona-shares-plunge-on-fda-ruling-2020-10-29/

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