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Clinuvel Pharmaceuticals Limited ( (AU:CUV) ) has issued an announcement.
CLINUVEL Pharmaceuticals Limited has announced the renewal of its share buy-back program for another 12 months, allowing the repurchase of up to 1,500,000 ordinary shares, approximately 3% of its outstanding share capital. This initiative reflects the company’s commitment to prudent cash management amid uncertain macroeconomic conditions and aims to support shareholder value. The buy-back’s timing and extent will depend on market conditions, and the company reserves the right to adjust the program as needed.
More about Clinuvel Pharmaceuticals Limited
CLINUVEL PHARMACEUTICALS LIMITED is a global specialty pharmaceutical group focused on developing and commercializing treatments for genetic, metabolic, systemic, and life-threatening acute disorders, as well as healthcare solutions for specialized populations. The company is a pioneer in photomedicine and melanocortin peptides, with its lead therapy, SCENESSE®, approved for preventing phototoxicity in patients with erythropoietic protoporphyria in several regions including Europe, the USA, Israel, and Australia.
YTD Price Performance: -3.00%
Average Trading Volume: 459
Technical Sentiment Signal: Buy
Current Market Cap: $368.7M
For an in-depth examination of CUV stock, go to TipRanks’ Stock Analysis page.