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Braveheart Investment Group PLC - private equity and venture capital firm - portfolio company Pharm 2 Farm Ltd achieved, on schedule and as planned, the increase in production capacity to 2,000 litres per day by the end of May of medical-grade alcohol hand sanitiser gel. Braveheart holds 52% stake in Pharm 2 Farm. It was noted that the market price of medical-grade hand sanitiser has fallen steadily from an average of GBP25 per litre in April to a current price of GBP3 per litre. In addition, some producers now providing medical-grade hand sanitiser free of charge to some organisations. In light of the steep decline in the price of medical-grade hand sanitiser and continuing demand for nanoparticle production, Pharm 2 Farm decided to switch its production capabilities back to nanoparticle production and to cease the production of medical-grade hand sanitiser.
Current stock price: 14.00 pence
Year-to-date change: up 40%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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