Lakefront Biotherapeutics has completed another tranche of share repurchases
The company acquired 127,796 shares between August 24 and 28 for approximately €3.2 million across multiple European trading venues.
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Biopharmaceutical company developing acquired clinical-stage medicines
lakefrontbio.comLast updated
In short: Lakefront Biotherapeutics rebranded from Galapagos, completed the Ouro Medicines acquisition, and initiated a €50 million share buyback.
The company acquired 127,796 shares between August 24 and 28 for approximately €3.2 million across multiple European trading venues.
The firm completed its Ouro acquisition with Gilead, maintains roughly €2 billion in cash, reports a €16.6 million net profit, and initiates a €50 million share buyback program.
Under a program announced June 9, the repurchase was executed between July 13-17 at an average price of €26.00 per share.
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