RTTNews | Nov 25, 2020 10:13AM EST

10:12 Wednesday, November 25, 2020 (RTTNews.com) - Shares of biotechnology company AnPac Bio-Medical Science Co., Ltd. (ANPC) are surging more than 90% Wednesday morning after the company reported strong demand for its cancer screening tests and set a record in paid test volume in the third quarter.

For FY20, the company sees revenue growth of 100% to $3 million to $3.3 million. Average selling price (ASP) of its cancer screening test in 2020 is expected to increase year-over-year contributing to a higher revenue growth forecast.

The Company plans to release its full year results in early March 2021.

ANPC is currently trading at $6.77. It has traded in the range of $3.15- $12.18 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3148724/stock-alert-anpac-bio-medical-gains-on-test-volume-optimistic-revenue-outlook.aspx)

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