Mangoceuticals, Inc. (NASDAQ:MGRX) announced the upcoming release of its second Mango ED product leveraging the Company’s existing custom compound alongside Sildenafil. MGRX is a company focused on developing, marketing, and selling multiple men’s health and wellness products through a secure telemedicine platform, including its uniquely formulated drug, “Mango”.
The launch of the Company’s Sildenafil based Mango ED product is scheduled to be available for purchase online this summer. Like the Company’s currently marketed and sold Tadalafil based Mango ED product, which leverages the same active ingredient found in Cialis™, the new Sildenafil-based Mango will still be compounded with Oxytocin and L-Arginine in a tasty Mango-flavored rapid dissolve tablet (RDT) and individually packaged in a master pack of six tablets per package.
“Our intent with the launch of this new product is to establish Mango as a legitimate competitor armed with the biotechnology behind Tadalafil and Sildenafil, both of which are the two runaway winners in the ED space over the past two decades,” noted Jacob Cohen, CEO and Co-Founder of MangoRx. “The ED market has already proven to be big enough to accommodate multiple competing products. Some people like Pepsi and others prefer Coca-Cola. Tadalafil and Sildenafil are both effective biotech solutions and we believed it was important to make both options available in order to capture additional market share and not exclude potential customers based on personal preferences.”
MGRX Company’s Co-Founder and CEO, Jacob Cohen, along with the MangoRx family, including Company officials and members of the executive management team, rang the Nasdaq Closing Bell on Thursday, May 18, 2023. Since then, MGRX has been on a roll to promote its flagship product.
MGRX is currently trading at $1.60 range. Considering the public offering was priced at $4 per share there could be a huge upside potential for this NASDAQ listed stock.
In the stock market today, a few intriguing companies have shown significant movement.
First on our list is Nutex Health Inc. (NUTX). Its current share price stands at $0.465, showcasing an impressive rise of $0.04, or a 10.06% increase. As of 12:14 PM EDT, the trading volume was 6.31 million, notably higher than their average volume of 2.06 million. The corporation boasts a market capitalization of $305.3 million.
Next, we have LumiraDx Limited (LMDX), with its shares priced at $0.4286. This is a surge of $0.08 or 22.46%. As of 12:13 PM EDT, the trading volume was 18.86 million, quite a leap from an average volume of 233.66 thousand. LumiraDx has a market capitalization of $288.59 million.
One major standout today is Advanced Health Intelligence Ltd. (AHI), which saw an astronomical jump in its share price to $1.77, up by $1.03. This equates to a whopping increase of 139.19%. The trading volume at 12:14 PM EDT stood at 76.39 million, significantly above their average of 3.87 million. The market capitalization for Advanced Health Intelligence currently sits at $58.04 million.
Lastly, Mullen Automotive, Inc. (MULN) also experienced notable growth. The shares are priced at $0.1927, up by $0.03 or 20.06%. The trading volume was an impressive 297.48 million, dwarfing their average volume of 46.32 million, as of 12:14 PM EDT. Mullen Automotive has a market capitalization of $46.94 million.
These sudden movements underscore the ever-changing nature of the stock market, which makes it all the more crucial for investors to stay on top of these shifts. Be sure to check back regularly for the latest updates and trends.
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