Avalo Therapeutics shares are trading higher after the company announced the payoff of the remainder of its $35 million debt owed to Horizon Technology Finance.
Portfolio Pulse from Benzinga Newsdesk
Avalo Therapeutics has announced the payoff of the remainder of its $35 million debt owed to Horizon Technology Finance. This has led to a rise in the company's share prices.
September 26, 2023 | 1:34 pm
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POSITIVE IMPACT
Avalo Therapeutics' stock price is trading higher following the announcement of the payoff of its $35 million debt.
The payoff of the debt is a positive financial move for Avalo Therapeutics, which reduces its liabilities and improves its balance sheet. This is likely to be viewed positively by investors, leading to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100