Why EJH Surged Over 50% Today? E-Home Household Service Holdings Limited
Jul 27th, 2022 13:10 EST
Why EJH surged over 50% today during the premarket hours? The stock price of E-Home Household Service Holdings Limited (NASDAQ: EJH) experienced a significant surge of over 50% during the premarket hours. Here is what you need to know about it. On July 27th, at 8:30 EST, E-Home Household Service Holdings Limited (NASDAQ: EJH) announced that it had started a provisional investigation into feasible treatment applications of traditional Chinese medicine for Monkeypox. The study will be conducted by its recently acquired majority ownership in Zhongrun (Fujian) Pharmaceutical Co., Ltd. (“Zhongrun”), a leading medicine and personal care products operator in China. E-Home Household Service Holdings Limited (NASDAQ: EJH) is a provider of integrated household services in China. The company was founded in 2017 and is active in sales, and logistics distributors specializing in all kinds of traditional Chinese medicines, antibiotics, dietary supplements, and medical devices. Monkeypox is not considered a fatal disease, and it is similar to the smallpox virus in both symptoms and DNA. According to the “Monkeypox Treatment Guidelines 2022 Edition” developed by China’s National Health Commission and the National Administration of Traditional Chinese Medicine in June 2022, the proposed traditional Chinese medicine treatment for monkeypox requires that treatment can be implemented based on traditional Chinese medicine principles of evidence-based diagnosis, which potentially opens the door for viable, holistic treatment programs utilizing proven traditional Chinese medicines in China.