Scilex Holding Company shares are trading higher after the board authorized management to explore strategic options for Scilex Pharma, including a potential spinoff, public listing, transaction or dividend.
Portfolio Pulse from Benzinga Newsdesk
Scilex Holding Company shares rise as the board authorizes management to explore strategic options for Scilex Pharma, including a potential spinoff, public listing, transaction, or dividend.
October 16, 2024 | 11:04 am
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Scilex Holding Company shares are trading higher following the board's decision to explore strategic options for Scilex Pharma, which may include a spinoff, public listing, transaction, or dividend.
The announcement of exploring strategic options such as a spinoff or public listing is typically seen as a positive development, as it may unlock value for shareholders. This has led to an increase in Scilex Holding Company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100