Shares of Remote Monitored Systems (LON: RMS) have followed Thursday’s gains with another rally after the company said the 5-ply version of its Pro-Larva anti-viral mask, developed with Volz Filters, has been approved by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA).
Yesterday saw RMS shares closed 18% higher after announcing a distribution agreement between its subsidiary, Pharm 2 Farm, and Vivek Kohli Enterprises.
In the past year, RMS said Pharm 2 Farm and Volz have established a close working relationship, with Volz manufacturing the existing 4-ply anti-viral masks for Pharm.
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The two companies have also been developing a new anti-viral filter material as an extension of the work on the anti-viral mask covered by the same patent.
Antony Legge, Executive Chairman, said: “Volz have been an excellent partner to Pharm 2 Farm, providing support in a number of areas. We are delighted with the MHRA approval for the 5-ply mask and to be working with Volz on an exciting development of the α-virion technology, with the potential to incorporate it into air filters.”
RMS’ share price is currently trading at 1.194p, up 14.86%, adding to Thursday’s rise.
Should you invest in Remote Monitored Systems shares?
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