Cogstate Ltd (AU:CGS) has released an update.
Cogstate Ltd reports that major shareholder Eisai Co., Ltd has sold a portion of its shares but retains a significant stake, with no expected impact on Cogstate’s revenue or commercial relationships. Eisai intends to sell additional shares but will hold off any further sales for at least a year, ensuring stability in Cogstate’s shareholding structure. These transactions are not anticipated to affect Cogstate’s ongoing operations or its partnerships, including those in its clinical trial and healthcare segments.
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