WPD Pharmaceuticals (TSE:WBIO) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
WPD Pharmaceuticals has successfully negotiated the settlement of its debt with creditors, who have agreed to accept common shares in exchange for debt forgiveness. Additionally, the company’s former subsidiary, WPD Poland, has restructured into WPD Pharmaceuticals S.A., with the parent company retaining approximately 6% ownership post-restructuring. This move comes alongside an investment in WPD S.A. by ACRX Investments Limited, which has resulted in a slight dilution of WPD’s ownership stake to about 5%.
For further insights into TSE:WBIO stock, check out TipRanks’ Stock Analysis page.