19th Jun 2020 15:19
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.
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By Evelina Grecenko; [email protected]
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