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Medicure ( (TSE:MPH) ) has issued an update.
Medicure Inc. has completed the acquisition of West Olympia Pharmacy, aligning with its strategic plan to expand its direct-to-consumer pharmacy business. This acquisition, along with the previous acquisition of Gateway Medical Pharmacy, is expected to add approximately $10 million in additional annual net revenue, enhancing the company’s pharmacy business and strengthening sales of its marketed products.
Spark’s Take on TSE:MPH Stock
According to Spark, TipRanks’ AI Analyst, TSE:MPH is a Neutral.
Medicure’s overall stock score is primarily affected by its financial performance challenges, including negative profitability and inconsistent cash flow. While technical analysis and strategic acquisitions provide some positive momentum, valuation concerns and mixed earnings results weigh heavily on the score.
To see Spark’s full report on TSE:MPH stock, click here.
More about Medicure
Medicure Inc. is a pharmaceutical company focused on the development and commercialization of healthcare products for the United States market. The company markets and distributes AGGRASTAT® and ZYPITAMAG® through its U.S. subsidiary, Medicure Pharma Inc. Additionally, Medicure operates Marley Drug Inc., a pharmacy subsidiary serving all 50 states, Washington D.C., and Puerto Rico, as well as Gateway Medical Pharmacy in Portland, Oregon.
Average Trading Volume: 3,827
Technical Sentiment Signal: Buy
Current Market Cap: C$11.58M
For a thorough assessment of MPH stock, go to TipRanks’ Stock Analysis page.