Shares of Chesterfield-based Commonwealth Biotechnologies almost doubled Thursday, closing at $0.76 a share. Stocks that trade for less than $1 are notoriously volatile, but this seems to be on account of a deal with a of GL Biochem in Shanghai. (You can read about that here.) The company is also losing less than last year,… Read more »
GL Biochem
Biotech company expands in China
Stock in Chesterfield-based Commonwealth Biotechnologies nearly doubled on news that the company is planning to acquire GL Biochem in Shanghai. CBI researches drugs for companies that develop them.