Sonoma Pharmaceuticals has announced that it has locked in a distribution and pricing deal with the Defense Logistics Agency. The announcement of the deal, which covers its Microcyn Rx products, was followed by Sonoma's shares jumping in price by 82%. Products included in the deal are used for wound care, eye health, and dermatology.
According to Chris Wack, “About half of EMC Pharma's customers are U.S. government entities, including VA hospitals, the Department of Defense, the Federal Bureau of Prisons, as well as state and local prison systems. EMC Pharma is a 100% minority-owned and a certified Minority Business Enterprise.”
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(Source: MarketWatch, January 25th, 2023)