XTL Biopharmaceuticals Ltd. Sponsored ADR (XTLB) has released an update.
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XTL Biopharmaceuticals Ltd., a clinical-stage biopharmaceutical company, has announced financial results for Q1 2024, revealing a strategic move to diversify its asset portfolio by entering into a binding term sheet with data company ‘The Social Proxy’. This move, part of a larger strategy to enhance the company’s offerings, involves a potential acquisition that will issue shares and make a payment to The Social Proxy’s shareholders. Despite economic uncertainties and regional conflicts, XTL has maintained its operational stability, reporting a profit for the period and an increase in marketable securities.
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