Elutia shares are trading higher after the company announced the sale of its Orthobiologics business unit to Berkeley Biologics LLC.
Portfolio Pulse from Benzinga Newsdesk
Elutia has announced the sale of its Orthobiologics business unit to Berkeley Biologics LLC, causing its shares to trade higher.

September 18, 2023 | 8:21 pm
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Elutia's stock is trading higher after the company announced the sale of its Orthobiologics business unit.
The sale of a business unit often leads to a short-term increase in a company's stock price, as it can be seen as a sign of strategic focus and potential for increased profitability. In this case, Elutia's stock price has increased following the announcement of the sale of its Orthobiologics business unit to Berkeley Biologics LLC.
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IMPORTANCE 80
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