14th Dec 2020 20:38
Ergomed PLC - pharmaceutical services firm - Announces the acquisition of MS Clinical Services, LLC, a specialised clinical research organisation based in Houston, Texas, for initial USD16.2 million in cash, USD1.8 million in shares, followed by up to USD7 million dependent on 2021 results. Says acquisition will be funded using existing cash resources without depletion of cash available to fund future organic and inorganic growth.
Current stock price: 1,020 pence
Year-to-date change: almost triple
By Arvind Bhunjun; [email protected]
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