NightHawk Biosciences Announces Planned Name Change To Scorpius Holdings, Reflecting Successful Transition To A Large Molecule Biomanufacturing CDMO; In Connection With The Name Change, The Company's Ticker Will Change To "SCPX"
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NightHawk Biosciences (NYSE:NHWK) is changing its name to Scorpius Holdings, Inc. and its ticker to SCPX to reflect its transition to a large molecule biomanufacturing CDMO. The change will not affect share structure or shareholder rights. The company has also expanded its leadership team with key promotions and new hires to support its growing client base and address the shortage of clinical-scale biologic manufacturing capacity. The expansion is expected to generate high incremental margins and attractive returns for shareholders.
January 08, 2024 | 1:55 pm
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NightHawk Biosciences is rebranding to Scorpius Holdings and changing its ticker to SCPX, reflecting its focus on large molecule biomanufacturing. The company's expansion of its leadership team is aimed at addressing the demand for CDMO services and is expected to benefit shareholders.
The rebranding to Scorpius Holdings and ticker change to SCPX is a strategic move that aligns with the company's focus on large molecule biomanufacturing, which is likely to be viewed positively by investors. The expansion of the leadership team and the company's positioning to address a market shortage suggest potential for growth, which could lead to a positive short-term impact on the stock price.
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