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Innovative Pharmaceutical Biotech Ends Subscription Agreement

Story Highlights
  • Innovative Pharmaceutical Biotech operates in the pharmaceutical and biotechnology industry.
  • The company terminated a Subscription Agreement without adverse effects on its operations.
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Innovative Pharmaceutical Biotech Ends Subscription Agreement

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Innovative Pharmaceutical Biotech ( (HK:0399) ) has issued an update.

Innovative Pharmaceutical Biotech Limited has announced the termination of a Subscription Agreement due to the Subscriber’s inability to fulfill obligations, influenced by current market conditions. The company and the Subscriber have mutually agreed to terminate the agreement with no claims against each other, and the directors believe this decision will not adversely affect the company’s business operations or financial position.

More about Innovative Pharmaceutical Biotech

Innovative Pharmaceutical Biotech Limited is a company incorporated in the Cayman Islands and continued in Bermuda, operating within the pharmaceutical and biotechnology industry. The company focuses on developing and commercializing innovative pharmaceutical products and biotechnology solutions.

Average Trading Volume: 6,378,261

Technical Sentiment Signal: Buy

Current Market Cap: HK$461.4M

Learn more about 0399 stock on TipRanks’ Stock Analysis page.

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