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Shares of condom maker jump after Reuters scoop on FDA OK

Shares of condom maker jump after Reuters scoop on FDA OK

Female Health Co shares jumped as much as 30 percent on March 11 after Reuters was first to report U.S. approval of its new female condom. Reuters was able to work sources to get news of the Food and Drug Administration’s decision an hour ahead of Bloomberg and Dow Jones. The Reuters story was widely picked up by CNBC, Forbes, The National Post and CBS, among others.

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