What In The World Is Going On With ABVC BioPharma Stock?
Portfolio Pulse from Henry Khederian
ABVC BioPharma Inc's shares have surged by 309% after the company announced a multi-year licensing agreement with AiBtl BioPharma for their CNS drugs targeting Major Depressive Disorder (MDD) and Attention Deficit Hyperactivity Disorder (ADHD). The deal includes a 46 million-share stock allocation from AiBtl, milestone cash payments of $7 million, and royalties of up to $200 million. AiBtl plans to go public on NASDAQ in 2024.
October 26, 2023 | 1:29 pm
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ABVC BioPharma's stock price has surged following the announcement of a licensing agreement with AiBtl BioPharma. The deal's terms, which include a significant stock allocation, cash payments, and potential royalties, are likely to have a positive impact on ABVC's financial position.
The licensing agreement with AiBtl BioPharma is a significant development for ABVC BioPharma. The deal's terms, including a 46 million-share stock allocation, milestone cash payments of $7 million, and potential royalties of up to $200 million, represent a substantial financial boost for ABVC. This is likely to have a positive impact on the company's stock price in the short term.
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