SMS Lifesciences Jumps 17%

  Published 1 year ago

SMS Lifesciences shares soar 17% after U.S. FDA clears Telangana facility with no regulatory action indicated in inspection.

  • API unit gets “voluntary action indicated” rating; no regulatory action expected post-inspection report from the U.S. FDA.
  • Stock sees its strongest day since August 2024, moving above key 50, 100, and 200-day moving averages.
  • Trading volume surges 70 times normal; SMSL now up 13.4% year-to-date after recent session gains.

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