Oramed Pharmaceuticals Said On Jan 22, Co And Unit Entered Into Joint Venture Agreement With Hefei Tianhui Biotech And Technowl; Oramed And HTIT Will Initially Hold Equal Shares In JV, With Each Owning 50% Of Equity
Portfolio Pulse from Charles Gross
Oramed Pharmaceuticals and its unit have entered into a joint venture agreement with Hefei Tianhui Biotech and Technowl. Both Oramed and HTIT will hold equal shares in the joint venture, each owning 50% of the equity.
January 23, 2024 | 9:50 pm
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Oramed Pharmaceuticals has entered into a joint venture with Hefei Tianhui Biotech and Technowl, each party owning 50% of the equity.
Entering into a joint venture typically indicates expansion and growth opportunities for a company. Oramed Pharmaceuticals' equal stake in the joint venture suggests a significant strategic move that could lead to positive developments and potential revenue growth. This news is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
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