Business DevelopmentThe company continues to work on dozens of new business development opportunities, which include significant multinational pharmaceutical representation, a marked improvement from the company’s historical pipeline.
Financial PerformanceLifecore Biomedical, Inc. delivered a generally solid third quarter result, which included better-than-expected performance in terms of adjusted EBITDA.
Operational EfficiencyThe sale of Lifecore's excess capital equipment is seen as a smart move because it provides $17 million in cash and enhances financial flexibility.