Why COVID-19 is launching the IDT Australia (ASX:IDT) share price 65%

IDT Australia Limited (ASX: ITD) shares are soaring today after the company announced it has been approached by the Australian Government to assess the feasibility of producing COVID-19 vaccines. At the time of writing, the IDT share price is rocketing 64.86% to 30.5 cents.

The pharmaceutical company, known for producing medical cannabis products, is assessing whether its facilities would be suitable to manufacture the vaccines.

Let’s take a closer look. 

Vaccine production ramps up

IDT Australia announced today it has been contacted by the Australian Government Department of Health. The company claims the department was inquiring…