ABVC BioPharma Subsidiary BioKey Projects $1M Proceeds From Dietary Supplement Production
Portfolio Pulse from Happy Mohamed
ABVC BioPharma's subsidiary BioKey is set to receive $1M from Define Biotech for manufacturing Maitake mushroom-derived dietary supplements. The partnership grants Define Biotech distribution rights in China and Taiwan. The global dietary supplements market is projected to reach $269.5B by 2030.

June 20, 2023 | 12:38 pm
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ABVC BioPharma's subsidiary BioKey will receive $1M from Define Biotech for Maitake mushroom dietary supplement production, expanding distribution in China and Taiwan.
The $1M proceeds from the partnership with Define Biotech for Maitake mushroom dietary supplement production will directly benefit ABVC BioPharma's subsidiary BioKey. The expanded distribution in China and Taiwan will potentially increase the company's revenue and market presence. The growing global dietary supplements market, projected to reach $269.5B by 2030, further supports a positive short-term impact on ABVC's stock price.
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