Market Overview

Plasma Stocks Move After Trump Roundtable On COVID-19

Plasma Stocks Move After Trump Roundtable On COVID-19

Plasma stocks were trading higher Friday after President Donald Trump encouraged Americans who have recovered from COVID-19 to donate their convalescent blood plasma as a treatment for the virus.

What Happened: Trump toured Red Cross headquarters wearing a mask on Thursday and met a man who had recovered from the virus donating plasma. 

"If you’ve had the virus if you donate it would be a terrific thing. We really need donations of the plasma. To those that have had the virus: You’ve gotten through it and I guess that means you have something very special there," Trump said. 

Why It’s Important: Convalescent plasma has been recommended as a possible treatment for COVID-19. Patients who have had the virus and recover develop antibodies against the virus that could be used to treat those fighting COVID-19.

So far it is estimated there have been 4.4 million cases of coronavirus in the U.S., and more than 150,000 people have died from the virus in the states. 

Price Action: Sonnet BioTherapeutics (NASDAQ: SONN) shares were trading up 89.69% at $5.52 at the time of publication Friday. The stock has a 52-week high of $54.60 and a 52-week low of $2.52.

Liminal BioSciences (NASDAQ: LMNL) shares were trading down 32.75% at $16 at the time of publication. The stock has a 52-week high of $31.45 and a 52-week low of $5.25.

Kamada Ltd (NASDAQ: KMDA) shares were down 0.55% at $8.97 at last check Friday. The stock has a 52-week high of $10 and a 52-week low of $4.40.

Related Link:

US GDP Plunges 32.9% In Historic Q2 Contraction Fueled By Coronavirus Pandemic


Related Articles (SONN)

View Comments and Join the Discussion!

Posted-In: Coronavirus Covid-19News Health Care Politics Movers Trading Ideas General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at