Home News Fujifilm Shares Jump 15% Thanks to Antiviral Drug that’s Effective Against COVID-19

Fujifilm Shares Jump 15% Thanks to Antiviral Drug that’s Effective Against COVID-19

Fujifilm’s stock soared on Tuesday after Chinese health officials declared that an antiviral drug the company developed in 2014 is safe and “clearly effective” in fighting COVID-19, the disease caused by the novel coronavirus.

This is the second time we’ve written about the antiviral drug, brand name Avigan, and how it has helped Fujifilm as a corporation weather the worldwide economic disruptions caused by the novel coronavirus. Fuji’s stock first jumped 8% in February, when Japanese Health Minister Katsunobu Kato recommended the drug—initially developed to treat the flu—in the fight against COVID-19.

This second, larger spike happened over the past 24 hours, this time thanks to comments made by Zhang Xinmin, the director of the China National Center for Biotechnology Development. According to the Nikkei Asian Review, Xinmin said that Avigan “has a high degree of safety and is clearly effective in treatment.”

The comments were based on the favorable results of a clinical trial conducted on 200 COVID-19 patients in Wuhan and Shenzhen, where patients given Avigan recovered almost 2 days sooner on average than those who were not, and fewer patients required respiratory aid.

The news sent Fujifilm’s stock soaring 15.4% in the afternoon session of the Tokyo stock exchange on Tuesday:

Source: Google

While this obviously isn’t directly related to Fujifilm’s camera division, the same concept holds today as in February. Not only is this good news for the world at large, we can hope that the continued success of Avigan and Fujifilm Holdings will help to keep the whole company’s economic prospects positive in the difficult months to come.

(via Yahoo! Finance)

Image credits: Header photo based on image by Fusion Medical Animation, CC0


Please enter your comment!
Please enter your name here

Must Read

My TWO-STEP PROCESS For Better Cut Outs! – Photoshop Select and Mask Crash Course

In this tutorial, you will learn my TWO-STEP PROCESS to cut out anything in Photoshop! You will learn to extract a foreground from a...

Photoshop Photo Effect: Creating A Gritty, High-Contrast, and Desaturated Look

Photoshop CC tutorial showing how to give photos a trendy, gritty, high-contrast, and desaturated look. You've probably seen a similar grungy effect in movie...

EASY Background Removal Trick for FAST Photoshop Vector Masks!

Learn this ridiculously Simple background removal trick using Vector Masks and Photoshop's Artificial Intelligence. Vector masks allow you to create cutouts with clean, smooth, and well-defined...

Comparing Canon’s New RF 85mm f/1.2 Against the Old EF Version

The guys over at DPReview TV recently set out to test the new Canon RF 85mm f/1.2L lens. But instead of simply shooting some...

This Instagram Copyright Infringement Notice is a Phishing Scam

If you ever receive a direct message on Instagram informing you that copyright infringement has been detected in your photos, beware: it may actually...