Cosmos Health Actively Exploring Spinoff Of R&D Division Into A Publicly Listed Standalone Biotech Company
Portfolio Pulse from Benzinga Newsdesk
Cosmos Health Inc. (NASDAQ:COSM) announced its intention to spin off its research and development (R&D) division into a publicly listed standalone biotech company. The company has been investing in innovative R&D over the past few years, with projects addressing major health disorders such as obesity, cancer, and diabetes. The spinoff is part of the company's strategy to unlock shareholder value.
September 27, 2023 | 2:33 pm
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Cosmos Health's decision to spin off its R&D division into a standalone biotech company could potentially unlock shareholder value. The company's ongoing projects and solid balance sheet could make the new entity attractive to investors.
The spinoff could potentially increase Cosmos Health's stock value as it could unlock shareholder value. The company's ongoing R&D projects and solid balance sheet could make the new entity attractive to investors, potentially leading to increased demand for the company's stock.
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