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The latest announcement is out from Voyageur Pharmaceuticals ( (TSE:VM) ).
Voyageur Pharmaceuticals Ltd. announced the issuance of Deferred Share Units (DSUs) and stock options to its directors as part of its equity incentive compensation plan. Additionally, the company has accelerated the expiry date of certain warrants. These strategic moves are part of Voyageur’s broader plan to solidify its market presence and transition into a high-margin domestic manufacturer of radiology drugs. By controlling input costs and focusing on sustainability, Voyageur aims to enhance its industry positioning and stakeholder value.
More about Voyageur Pharmaceuticals
Voyageur Pharmaceuticals Ltd. is a Canadian public company focused on developing barium and iodine Active Pharmaceutical Ingredients (API) for high-performance and cost-effective imaging contrast agents. The company aims to become a key player in the barium and iodine contrast markets by producing its own materials and developing new endo fullerene drugs. Voyageur plans to generate cash flow through partnerships with established GMP pharmaceutical manufacturers and transition into a high-margin domestic manufacturer of radiology drugs. The company is committed to sustainability and environmental stewardship, with plans to build carbon-capture infrastructure and promote responsible sourcing and manufacturing practices.
YTD Price Performance: 188.89%
Average Trading Volume: 164,535
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$42.3M
See more data about VM stock on TipRanks’ Stock Analysis page.