CENTOGENE shares are trading higher after the company and Lifera formed a Saudi Arabian joint venture. Under the terms of the collaboration, the company will receive a $30 million mandatory convertible loan from Lifera.
Portfolio Pulse from Bill Haddad
CENTOGENE and Lifera have formed a joint venture in Saudi Arabia, with Lifera providing a $30 million mandatory convertible loan to the company.
June 27, 2023 | 12:26 pm
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CENTOGENE shares are trading higher after forming a joint venture with Lifera in Saudi Arabia and receiving a $30 million mandatory convertible loan.
The joint venture with Lifera and the $30 million mandatory convertible loan will provide CENTOGENE with additional resources and a strategic partnership, which is likely to have a positive impact on the company's stock price in the short term.
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