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An update from Oncopeptides AB ( (SE:ONCO) ) is now available.
Oncopeptides AB held its Annual General Meeting where key resolutions were passed, including the adoption of the annual report and the re-election of board members. A new long-term shareholder program was introduced, offering Restricted Share Units to board members, enhancing their stake in the company. The meeting also authorized the Board to issue new shares, warrants, and convertibles, aiming to increase financial flexibility and support potential acquisitions or project development. These decisions are poised to impact Oncopeptides’ operational strategy and shareholder engagement, potentially strengthening its market position.
More about Oncopeptides AB
Oncopeptides is a Swedish biotech company that focuses on the research, development, and commercialization of targeted therapies for difficult-to-treat cancers. Utilizing its proprietary Peptide Drug Conjugate (PDC) platform, the company develops compounds that deliver cytotoxic agents into cancer cells. Its flagship drug is being commercialized in Europe, with partnerships in South Korea, the Middle East, and Africa. Founded in 2000, Oncopeptides employs about 80 people and operates in Sweden, Germany, Austria, Spain, and Italy. It is listed on Nasdaq Stockholm under the ticker ONCO.
Average Trading Volume: 909,885
Current Market Cap: SEK412.4M
For an in-depth examination of ONCO stock, go to TipRanks’ Stock Analysis page.