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Oxurion NV ( (GB:0G99) ) has issued an announcement.
Oxurion NV has signed a letter of intent to acquire a majority stake in a French Contract Research Organization (CRO) specializing in biometrics and clinical data management. This strategic acquisition aims to enhance Oxurion’s capabilities in clinical study management and accelerate the submission process to health authorities, positioning the company as a key player in supporting biopharmaceutical developments. The acquisition is expected to bring stable revenue and growth opportunities, although it will have a dilutive effect on shareholders. The transaction is subject to due diligence and regulatory approvals, with final documentation anticipated by June 2025.
More about Oxurion NV
Oxurion NV is a biopharmaceutical company based in Leuven, Belgium. The company focuses on developing integrated solutions for pharmaceutical and biotechnological industries, with a particular emphasis on clinical data management and biometric analysis.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €600.3K
For detailed information about 0G99 stock, go to TipRanks’ Stock Analysis page.