Cuprina Holdings CUPR shares escalated 278.92% in after-hours trading to $2.66 following the statement of unique licensing rights to United Nations Industrial Advancement Company and Global Environment Center– confirmed medical waste recycling innovation for Southeast Asia.
Have a look at the present rate of CUPR stock here.
Stock Efficiency Emphasizes Market Interest
According to Benzinga Pro information, routine trading closed on Monday at $0.70, up 12.23% before the remarkable after-hours rise of $1.96. The biotech business’s market capitalization sits at $14.95 million, with a 52-week variety in between $0.61 and $9.50.
Innovation Collaboration Drives Financier Interest
Singapore-based Cuprina protected unique licensing rights with China’s Zhejiang Heliang Innovation Co., Ltd. for UNIDO and GEF showed medical waste recycling innovation. The license covers Singapore with growth choices into 10 extra Southeast Asian nations.
See Likewise: Why GameStop Shares Are Surging After-Hours
Advanced Steam Treatment Changes Incineration
The innovation utilizes high-temperature steam to disinfect medical waste and transforms plastic products into important resins and sustainable basic materials. This procedure gets rid of harmful emissions brought on by standard incineration and assists address Singapore’s restricted garbage dump capability.
Singapore’s biohazardous medical waste increased from 4,400 heaps in 2016 to 5,700 heaps in 2020, representing 5% yearly development.
Market Chance and Earnings Possible
Grand View Research Study reports the international medical waste management market was $34.06 billion in 2023 and is anticipated to reach $59.42 billion by 2030, growing 8% each year, with Asia-Pacific growing the fastest.
” This isn’t almost brand-new devices– it has to do with generating a worldwide confirmed innovation,” stated CEO David Quek Yong Qi
Over the previous month, Cuprina peaked at $9.40 on August 14 with a trading volume of 6.2 million shares. It struck a low of $0.63 on September 8, with volume dropping to 391,000 shares. The typical everyday trading volume stands at 2.18 million shares.
Benzinga’s Edge Stock Rankings suggest that CUPR has an unfavorable rate pattern throughout perpetuity frames. Here is how the stock fares on other specifications.
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Disclaimer: This material was partly produced with the assistance of AI tools and was examined and released by Benzinga editors.