NightHawk Biosciences Completes Name Change To Scorpius Holdings; Trading To Commence Under "SCPX" Effective At The Market Open Today
Portfolio Pulse from Benzinga Newsdesk
NightHawk Biosciences has officially changed its name to Scorpius Holdings, Inc. and will trade under the new ticker 'SCPX' starting February 6, 2024. This change reflects the company's transition to a specialized contract development and manufacturing organization (CDMO) focusing on large molecule biomanufacturing. The company's share structure and shareholder rights remain unaffected. CEO Jeff Wolf highlighted the strategic move to address the biopharmaceutical sector's demand for clinical-scale biologic manufacturing, noting positive feedback and an enhanced sales pipeline.
February 06, 2024 | 1:18 pm
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Scorpius Holdings, Inc., formerly known as NightHawk Biosciences, transitions to a pure-play CDMO, trading under the new ticker 'SCPX'. The company aims to leverage its San Antonio facility to meet the high demand in the biopharmaceutical sector for large molecule manufacturing.
The name and ticker change to 'SCPX' signifies a strategic pivot towards becoming a pure-play large molecule biomanufacturing CDMO. This move, coupled with the positive feedback from key customers and an enhanced sales pipeline, suggests a positive outlook for the company. The strategic positioning to address the shortage in clinical-scale biologic manufacturing capacity could lead to increased demand for Scorpius Holdings' services, potentially impacting the stock price positively in the short term.
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