tiprankstipranks
Almirall Streamlines Portfolio with New Divestment and Licensing Agreements
Company Announcements

Almirall Streamlines Portfolio with New Divestment and Licensing Agreements

Story Highlights

Invest with Confidence:

Almirall ( (ES:ALM) ) has shared an announcement.

Almirall has announced the divestment of its product Algidol® and the licensing of Sekisan® in Spain, receiving €12 million upfront and additional future payments. This move is part of Almirall’s strategy for portfolio rotation and management, potentially streamlining its focus and enhancing financial flexibility.

More about Almirall

Almirall is a pharmaceutical company focusing on the development and marketing of medical products. The company specializes in dermatology and other therapeutic areas, providing treatments for a variety of health conditions.

YTD Price Performance: 17.08%

Average Trading Volume: 3,882

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €2.03B

See more insights into ALM stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App