Zynerba Pharmaceuticals shares are trading higher after Harmony Biosciences announced it will acquire the company.
Portfolio Pulse from Benzinga Newsdesk
Harmony Biosciences has announced its plans to acquire Zynerba Pharmaceuticals, leading to a rise in Zynerba's share prices.

August 14, 2023 | 2:17 pm
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Zynerba Pharmaceuticals' stock price is expected to rise in the short term due to the acquisition announcement by Harmony Biosciences.
Acquisition announcements typically lead to a rise in the stock price of the company being acquired. This is due to the perceived increase in value and potential future growth. In this case, Zynerba Pharmaceuticals is being acquired by Harmony Biosciences, which has led to a surge in Zynerba's share prices.
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