F&P Healthcare breaches $20b market cap

Tue, 30 Jun 2020

Fisher & Paykel Healthcare has become the NZX’s first $20 billion company after its share price rose another 5.3 percent to $35.28 today, bringing its year-to-date gain to almost 51 percent. The covid-19 pandemic has created unprecedented demand for the firm’s respiratory humidifiers, which condition the air that is sent through a ventilator.As hospitals around the world have been inundated with patients, many devices that aid breathing have been put to use treating victims of the respiratory disease in the absence of venti...

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