Will monkeypox outbreak boost the shares of some companies? Read here
Live MintAmid the monkeypox outbreak across the world, investors are bagging up the shares of companies in various sectors that could benefit from the race to quell the disease. The companies with high demand of shares include biotechnological company Bavarian Nordic A/S, pharmaceutical firm Siga Technologies Inc and medical tools supplier Precision System Science Co. Manish Bhargava, a fund manager at Straits Investment Holdings Pte in Singapore said that the world is relying only in one manufacturer at the moment, that is, Bavarian Nordic for the monkeypox vaccine, hence, the investors can also expect other biotech companies to ramp up the research and production of related products. Take a look at some sectors and companies that has been active, 1) Vaccines and Antivirals After the governments started ordering the Danish company's monkeypox vaccine, the shares of Bavarian Nordic company have been tripled from a low in May.