Shanghai Bio-Heart Adjusts Proceeds for Strategic Development
Company Announcements

Shanghai Bio-Heart Adjusts Proceeds for Strategic Development

Shanghai Bio-Heart Biological Technology Co., Ltd. Class H (HK:2185) has released an update.

Shanghai Bio-heart Biological Technology Co., Ltd. is reallocating its unutilized net proceeds from its global offering to focus on the construction of a manufacturing facility and sales center, as well as advancing the development of its RDN product, Iberis® 2nd. This strategic shift underscores the company’s commitment to enhancing its production capabilities and strengthening its product pipeline. The changes reflect an agile response to evolving business needs and market dynamics.

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