International Flavors & Fragrances shares are trading higher after the company announced it received regulatory approval for the use of its 2'-fucosyllactose, human milk oligosaccharide in China.
Portfolio Pulse from Benzinga Newsdesk
International Flavors & Fragrances (IFF) has received regulatory approval in China for the use of its 2'-fucosyllactose, human milk oligosaccharide. This has led to a rise in the company's share prices.
October 10, 2023 | 7:53 pm
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IFF's shares are trading higher after receiving regulatory approval in China for its 2'-fucosyllactose, human milk oligosaccharide.
The regulatory approval in China for IFF's product is a positive development for the company. This opens up a new market for the company, potentially leading to increased sales and profits. As a result, investors are reacting positively, leading to a rise in the company's share prices.
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