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Argent Biopharma ( (AU:RGT) ) has issued an announcement.
Argent BioPharma has signed a binding term sheet to acquire the core assets and intellectual property of AusCann Group Holdings Ltd, including the Neuvis® drug delivery platform and access to EU-GMP manufacturing. This strategic acquisition, valued at USD 15 million, is expected to enhance Argent’s clinical pipeline, strengthen its European commercial infrastructure, and support its planned dual listing on a U.S. national stock exchange. The acquisition will also provide Argent with significant audited assets, boosting its market capitalization and positioning it for global expansion. Additionally, Andrew Chapman will join Argent’s board as an executive director, bringing expertise in capital markets and the biotech sector.
More about Argent Biopharma
Argent BioPharma is a company in the pharmaceutical industry, focusing on developing and commercializing innovative drug delivery platforms and formulations. Its primary products include CannEpil® and CimetrA®, and it aims to expand its market presence globally, particularly in the U.S. and Europe.
Average Trading Volume: 52,294
Technical Sentiment Signal: Sell
Current Market Cap: A$4.94M
For a thorough assessment of RGT stock, go to TipRanks’ Stock Analysis page.