Sharps Technology shares are trading lower after CEO Robert Hayes announced the company signed an Asset Purchase Agreement to acquire the InjectEZ Facility and the associated $400 million 10-year purchase agreement with Nephron Pharmaceuticals.
Portfolio Pulse from Benzinga Newsdesk
Sharps Technology has signed an Asset Purchase Agreement to acquire the InjectEZ Facility and the associated $400 million 10-year purchase agreement with Nephron Pharmaceuticals. This news led to a decrease in Sharps Technology's share price.
September 28, 2023 | 4:32 pm
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Sharps Technology's stock price fell after the announcement of the acquisition of the InjectEZ Facility from Nephron Pharmaceuticals.
The acquisition announcement led to a decrease in Sharps Technology's share price. This could be due to investors' concerns about the financial implications of the $400 million deal, which may impact the company's short-term financial stability.
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