Bounce Mobile Systems Inc. (OTC:BNCM) Stock Continues To Trend Higher: What Next?

Yesterday, the Bounce Mobile Systems Inc. (OTC: BNCM) stock emerged as a notable momentum gainer, and it is likely that it would be on the radars of investors today. The asset management company, involved in making investments in businesses with strong growth potential, hit the news cycle after making a key announcement about DELEX Pharma.

BNCM: DELEX Critical Care Products Approved by the Philippine FDA

Yesterday, the company announced that the critical care products from DELEX Pharma had been approved by the Philippine Food and Drug Administration (FDA). DELEX is involved in the hospital sector and is known for adhering to the highest standards of ethics for safety of patients by supplying a wide range of critical care products.

The commitment to all the regulatory standards guarantees the well-being of the patients and also builds credibility for DELEX as a company. The products offered by DELEX are both of higher quality and cost-effective, which help in meeting the increasing demand for innovative critical care solutions in light of the rising number of ICU cases in the Philippines. As per recently concluded market research, the Philippines hospital market is expected to grow at a rate of 9.25% from 2024 through to 2029, and that would work out to a market volume of $7.9 billion by 2029.