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3D Medicines Inc. Announces Withdrawal of Legal Proceedings

Story Highlights
  • 3D Medicines Inc. announced the withdrawal of legal proceedings by Qingdao Hainuo.
  • The withdrawal removes a legal hurdle, potentially stabilizing 3D Medicines’ market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
3D Medicines Inc. Announces Withdrawal of Legal Proceedings

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The latest update is out from 3D Medicines, Inc. ( (HK:1244) ).

3D Medicines Inc., incorporated in the Cayman Islands, announced the withdrawal of civil proceedings initiated by Qingdao Hainuo against the company. The court approved the withdrawal, and Qingdao Hainuo will bear the associated fees of approximately RMB1.17 million. This development removes a potential legal hurdle for 3D Medicines, potentially stabilizing its market position and reassuring stakeholders.

More about 3D Medicines, Inc.

Average Trading Volume: 280,082

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.53B

See more insights into 1244 stock on TipRanks’ Stock Analysis page.

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