CENTOGENE shares are trading higher on continued strength after the company and Lifera recently announced 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 Benzinga Newsdesk
CENTOGENE (CNTG) shares are trading higher following the announcement of a joint venture with Lifera in Saudi Arabia. The deal includes a $30 million mandatory convertible loan from Lifera to CENTOGENE.
June 28, 2023 | 6:01 pm
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CENTOGENE's stock is trading higher after the announcement of a joint venture with Lifera, which includes a $30 million convertible loan.
The joint venture with Lifera, along with the $30 million convertible loan, is a positive development for CENTOGENE. This could potentially increase the company's financial stability and expand its operations, leading to a rise in the stock price.
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