Scilex Approved A Resolution To Authorize Management To Explore Ways In Which To Maximize Value Of Semnur Pharmaceuticals And SP-102, Including By Way Of Conducting A Spin-off, Merger, Dividend, Reclassification Or Other Similar Transaction.
Portfolio Pulse from Benzinga Newsdesk
Scilex Holding Company has approved a resolution to explore ways to maximize the value of its subsidiary, Semnur Pharmaceuticals, and its product candidate SP-102. Potential strategies include a spin-off, merger, dividend, reclassification, or other similar transactions.
June 17, 2024 | 7:38 pm
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Scilex Holding Company is exploring strategic options to maximize the value of its subsidiary Semnur Pharmaceuticals and its product SP-102. This could include spin-offs, mergers, or dividends.
The approval of a resolution to explore various strategic options for Semnur Pharmaceuticals and SP-102 indicates potential value creation for shareholders. This could lead to positive market sentiment and a short-term increase in stock price.
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