Oramed Pharmaceuticals shares are trading higher after the company announced a $20 million buyback program and finalized its joint venture with Hefei Tianhui Biotech.
Portfolio Pulse from Benzinga Newsdesk
Oramed Pharmaceuticals shares are trading higher following the announcement of a $20 million buyback program and the finalization of a joint venture with Hefei Tianhui Biotech.
June 26, 2024 | 3:41 pm
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Oramed Pharmaceuticals shares are trading higher due to the announcement of a $20 million buyback program and the finalization of a joint venture with Hefei Tianhui Biotech.
The $20 million buyback program is likely to boost investor confidence and reduce the number of shares outstanding, which can increase the stock price. Additionally, the joint venture with Hefei Tianhui Biotech could open new revenue streams and growth opportunities for Oramed Pharmaceuticals.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100