The biotech sector is also presenting exciting opportunities for investors. Many of the best biotech companies have both strong drug candidate pipelines and winning drugs already on the market.
Mangoceuticals, Inc. (NASDAQ: MGRX) is one of the notable stock as the company continues to make strides in developing, marketing, and selling men's wellness products and services through its telemedicine platform. Its uniquely formulated drug, Mango remains the center of attention and a key driver of long-term prospects and underlying value. MGRX has been running an aggressive marketing campaign across the U.S. under the Make America Hard Again banner as it aims to target a broader market to unlock new revenue streams.
While the marketing campaign seeks to unlock new revenue-generating opportunities, it should also help MGRX collect valuable consumer data; which will underpin its future marketing efforts to target consumers through other health and wellness products. "Our newly launched Make America Hard Again campaign is more than just a new marketing concept--it's a mantra and a movement as our mission is to help men go hard in every aspect of their lives," stated MangoRx's Co-Founder and CEO, Jacob Cohen.
MGRX has recently announced its new collaboration with Ice Shaker to supply custom-made Mango-branded Ice Shaker bottles to be sold exclusively on the company's new MakeAmericaHardAgain.com e-commerce portal. Ice Shaker was founded by former NFL player, Chris Gronkowski in 2016 with a vision and mission to become a premium alternative to traditional, plastic shaker bottles. Read More at: https://finance.yahoo.com/news/mangoceuticals-collaborates-ice-shaker-launch-140000030.html
In addition to strengthening its web presence through the new banner, Mangoceuticals is also expanding its marketing drive through sponsorships on podcasts and platforms like Barstool Sports and Gas Digital Network. It's also seeking additional partnerships, sponsorships, and commercials through well-known nationwide platforms.
Mangoceuticals hopes to drive revenues for its core products and merchandise by adding new products to its telemedicine platform and flagship website. Amid the aggressive marketing campaigns to strengthen revenue streams, Mangoceuticals is also strengthening its product pipeline. It's fresh from releasing a second Mango product that leverages its existing custom compound. The new product should be available in the summer and is expected to open up a new revenue stream. The unveiling of the new product affirms MGRX's intention to establish Mango as a major player in this market.
Read More at: https://finance.yahoo.com/news/mangoceuticals-inc-announces-upcoming-launch-120000738.html
The men's health market has proven large enough to accommodate multiple competing products. The sector is ripe with attractive opportunities as it grows at a compound annual growth rate of 15% and MGRX seems to be at the right place at the right time. Read More at: https://www.bloomberg.com/press-releases/2022-08-11/men-s-health-market-size-share-growth-revenue-outlook-demand-and-market-is-expected-to-reach-highest-cagr-of-15-00-forecast.
Let’s take a look at how the stock has performed recently. MGRX last traded at $1.67 compared to a 52 week high of $4.37 suggesting huge upside potential for this NASDAQ listed stock. MGRX’s Co-Founder and CEO, Jacob Cohen, along with the MangoRx family, including Company officials and members of the executive management team, rang the Nasdaq Closing Bell on Thursday, May 18, 2023. Since then the company has been in news for all its recent advertisement deals including the launch of its “Some Things Are Better Hard” digital marketing campaign.
We strongly encourage you to check out their recent news at https://finance.yahoo.com/quote/MGRX/ and watch the video below for more information on MGRX
Video Link: https://www.youtube.com/embed/iKwg4nS8870
As always, conduct your own due diligence and follow traders vigilance.
Other companies in Mangoceuticals’s space includes: 111 (NASDAQ:YI), Rite Aid (NYSE:RAD), Walgreens Boots Alliance (NASDAQ:WBA), MedAvail Holdings (NASDAQ:MDVL) and China Jo-Jo Drugstores (NASDAQ:CJJD). Other notable biotech stocks include Legend Biotech (NASDAQ:LEGN), Exact Sciences (NASDAQ:EXAS), Sarepta Therapeutics (NASDAQ:SRPT), Neurocrine Biosciences (NASDAQ:NBIX) and Karuna Therapeutics (NASDAQ:KRTX).
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