AERC - AeroClean shares jump 26%; stock up 370% since FDA approval on Monday

AeroClean (AERC) stock soared 26% on Friday, buoyed by news  earlier in the week that the medtech company had received FDA clearance for its Purgo proprietary air purification technology. Shares of AeroClean opened at $8.74, hitting a high of $11.78 mid-afternoon. The stock recently changed hands at $11.09, up 23%, at approximately 3:30 p.m. ET. AeroClean shares have been volatile since the company announced the FDA decision. The stock has climbed around 370% since last Friday. The company said Monday that it had received FDA clearance for its Purgo medical-grade air sanitization technology, which it says can eliminate 99.99% of airborne microbes, including the virus that causes COVID-19. The company plans to market the product to healthcare facilities, government agencies and businesses. On Wednesday, it announced it had hired a new vice president for strategic sales. AeroClean went public on Nov. 24 , raising $25M through an initial public offering. The shares rocketed to close nearly

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AeroClean shares jump 26%; stock up 370% since FDA approval on Monday