Why ADMA Biologics Shares Are Rising Today

ADMA Biologics Inc ADMA shares are trading higher Monday after the company announced it received U.S. Food and Drug Administration approval for its sixth plasma collection center.

The BioCenters plasma collection facility located in Myrtle Beach, South Carolina, commenced operations and initiated source plasma collection in the fourth quarter of 2021. Following Monday's approval, the facility is now able to collect human source plasma for further manufacturing in the U.S. and introduce the plasma into interstate commerce.

ADMA Biologics is an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty plasma-derived biologics.

See Also: Why Pfizer Partner BioNTech Shares Are Rising Today

ADMA Price Action: ADMA Biologics has traded between $2.31 and $1.01 over a 52-week period.

The stock was up 9.79% at $2.13 at time of publication, according to data from Benzinga Pro.

Photo: Belova59 from Pixabay.

Posted In: why it's movingNewsPenny StocksSmall CapFDAMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.