NovaBay Pharmaceuticals Announces Record Ordered Product Sales Of Avenova-Branded Products Through Amazon For April 2024 Increased By More Than 20% Compared With April 2023
Portfolio Pulse from Benzinga Newsdesk
NovaBay Pharmaceuticals, Inc. (NYSE:NBY) reports a record increase in ordered product sales of Avenova-branded products on Amazon.com for April 2024, with a more than 20% increase compared to April 2023. This marks consecutive record sales months for the company, attributed to its focused eyecare product line and enhanced marketing efforts. The U.S. dry eye disease treatment market, where Avenova is positioned, is projected to reach nearly $5 billion by 2030.
May 07, 2024 | 12:19 pm
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NovaBay Pharmaceuticals announces a significant increase in sales for its Avenova-branded products on Amazon, with a more than 20% increase in April 2024 compared to April 2023.
The record sales growth reported by NovaBay for its Avenova-branded products directly impacts the company's revenue and showcases the effectiveness of its marketing strategies and product focus. Given the significant sales increase and the projected growth of the U.S. dry eye disease treatment market, this news is likely to be viewed positively by investors, potentially leading to a short-term increase in NBY's stock price.
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