Why Centogene (CNTG) Stock Is Roaring Higher Tuesday
Portfolio Pulse from Erica Kollmann
Centogene N.V. (NASDAQ:CNTG) announced a collaboration with Lifera to form a joint venture focusing on multiomic testing services in Saudi Arabia and Gulf Cooperation Council countries. The company will receive a $30 million mandatory convertible loan from Lifera.
June 27, 2023 | 3:31 pm
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Centogene's collaboration with Lifera for a joint venture in multiomic testing services and a $30 million convertible loan has led to a surge in its stock price.
The collaboration with Lifera marks a significant step forward for Centogene, as it expands its services to Saudi Arabia and Gulf Cooperation Council countries. The $30 million convertible loan provides financial support, which has positively impacted investor sentiment and driven the stock price higher.
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