TRxADE Health Closes Business Combination With Scienture In $103M All-Stock Transactoin; TRxADE Acquired All Of Scienture's Assets In Exchange For TRxADE Shares
Portfolio Pulse from Benzinga Newsdesk
TRxADE Health has completed a business combination with Scienture in a $103 million all-stock transaction. TRxADE acquired all of Scienture's assets in exchange for TRxADE shares.
July 26, 2024 | 12:07 pm
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TRxADE Health (MEDS) has completed a $103 million all-stock business combination with Scienture, acquiring all of Scienture's assets. This move is likely to strengthen TRxADE's market position and expand its asset base.
The acquisition of Scienture's assets is a significant move for TRxADE Health, likely to enhance its market position and asset base. The all-stock nature of the transaction indicates confidence in the combined entity's future performance.
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