Biomerica shares are trading higher after the company announced its 10-minute at-home PSA test for early prostate cancer detection was approved by the Saudi FDA.
Portfolio Pulse from Benzinga Newsdesk
Biomerica's shares rose following the approval of its 10-minute at-home PSA test for early prostate cancer detection by the Saudi FDA.
September 04, 2024 | 12:39 pm
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Biomerica's stock is trading higher due to the Saudi FDA's approval of its at-home PSA test for early prostate cancer detection, indicating potential market expansion and increased revenue.
The approval by the Saudi FDA opens up a new market for Biomerica's PSA test, likely leading to increased sales and revenue. This positive development is reflected in the stock's upward movement.
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