MedWatch

Zealand Pharma stock soars after selling insulin pump

The biotech firm is recovering losses on the stock exchange after a sales agreement with Mannkind Corporation over insulin pump V-Go was announced on Tuesday.

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According to the Danish Financial Supervisory Authority, Zealand Pharma is one of the most speculative stocks listed on the Copenhagen stock exchange, a practice also known as shorting.

Zealand Pharma, which is based in the Copenhagen suburb of Søborg, Denmark, has had a turbulent 2022 on the stock market, but today is a good day for the firm.

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