(24/7 MARKET NEWS) – Sunshine Biopharma Inc. (NASDAQ: “SBFM”) reported, this morning, its 2023 first quarter report, which shows gross revenues of $4,894,053 as of March 31, 2023, an increase of more than 2,100% over the same period in 2022, largely due to the prescription drugs sales of Nora Pharma Inc., a generic pharmaceuticals company that Sunshine Biopharma acquired in October 2022.
Sunshine Biopharma is trading at $0.88, up $0.25 (+66.96%), 575K premarket shares traded.
Its 52-week range is $0.4453 to $2.1977. Its next key inflection point is at $1 and its setup is favorable for a potentially larger run.
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