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The latest announcement is out from CANbridge Pharmaceuticals Inc. ( (HK:1228) ).
CANbridge Pharmaceuticals Inc. announced the early termination of a lease agreement for a property in Burlington, Massachusetts, effective February 28, 2025. This decision aligns with the company’s strategy to downsize its operations in the United States, as it has reduced its team to four full-time employees there. The termination is part of a broader plan to focus on their primary operations in China and is not expected to negatively affect the company’s overall operations, financial performance, or R&D capacities.
More about CANbridge Pharmaceuticals Inc.
CANbridge Pharmaceuticals Inc. is a global biopharmaceutical company focused on the research, development, and commercialization of transformative therapies for rare diseases. The company has a diverse drug portfolio, including three approved drugs and a pipeline of nine assets targeting rare disease indications with unmet needs and significant market potential, such as Hunter syndrome, lysosomal storage disorders, and neuromuscular diseases.
YTD Price Performance: 14.29%
Average Trading Volume: 1,301,696
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$64.58M
See more data about 1228 stock on TipRanks’ Stock Analysis page.