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BioLineRx Announces $10 Million Direct Offering to Fuel Growth
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BioLineRx Announces $10 Million Direct Offering to Fuel Growth

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The latest update is out from Bioline RX Ltd Sponsored ADR ( (BLRX) ).

BioLineRx Ltd. has announced a $10 million registered direct offering involving the sale of 50 million American Depositary Shares (ADSs) and accompanying warrants. The proceeds will be used for research, pipeline expansion, and corporate purposes, potentially enhancing their market position and operational capabilities in the biopharmaceutical sector.

More about Bioline RX Ltd Sponsored ADR

BioLineRx Ltd. is a biopharmaceutical company focused on developing life-changing therapies in oncology and rare diseases. Their first approved product, APHEXDA® (motixafortide), is used for stem cell mobilization in multiple myeloma. The company leverages its expertise in development, regulatory affairs, manufacturing, and commercialization to advance its innovative pipeline.

YTD Price Performance: 7.06%

Average Trading Volume: 2,894,479

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $25.27M

For detailed information about BLRX stock, go to TipRanks’ Stock Analysis page.

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